Sabre Corporation (NASDAQ:SABR) Given Average Rating of “Reduce” by Analysts

Shares of Sabre Corporation (NASDAQ:SABR) have received an average recommendation of “Reduce” from the six ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $1.9667.

Separately, Weiss Ratings upgraded Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday.

Sabre Price Performance

NASDAQ:SABR opened at $2.09 on Monday. Sabre has a one year low of $0.81 and a one year high of $3.52. The company’s 50-day simple moving average is $1.80 and its 200 day simple moving average is $1.54. The firm has a market capitalization of $826.20 million, a P/E ratio of 1.92 and a beta of 0.96.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $760.33 million for the quarter, compared to the consensus estimate of $739.02 million. On average, equities research analysts expect that Sabre will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

A number of institutional investors have recently modified their holdings of SABR. Discerene Group LP raised its position in shares of Sabre by 1.5% in the 1st quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock worth $56,686,000 after purchasing an additional 569,711 shares during the last quarter. Par Capital Management Inc. grew its position in Sabre by 57.7% during the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock valued at $61,146,000 after purchasing an additional 7,082,948 shares during the last quarter. State Street Corp grew its position in Sabre by 2.4% during the 4th quarter. State Street Corp now owns 14,813,630 shares of the information technology services provider’s stock valued at $20,147,000 after purchasing an additional 343,209 shares during the last quarter. U S Global Investors Inc. increased its stake in Sabre by 17.0% during the 4th quarter. U S Global Investors Inc. now owns 10,173,592 shares of the information technology services provider’s stock valued at $13,836,000 after purchasing an additional 1,477,143 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Sabre by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,273,047 shares of the information technology services provider’s stock valued at $12,614,000 after purchasing an additional 197,433 shares in the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Company Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.