Sabre (NASDAQ:SABR) Earns “Underperform” Rating from Sanford C. Bernstein

Sanford C. Bernstein reissued their underperform rating on shares of Sabre (NASDAQ:SABR) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a $3.00 price target on the information technology services provider’s stock.

Separately, StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.50.

Sabre Stock Up 1.6 %

Shares of NASDAQ SABR opened at $3.73 on Tuesday. The stock has a market capitalization of $1.44 billion, a P/E ratio of -4.77 and a beta of 1.74. Sabre has a 52-week low of $1.81 and a 52-week high of $4.68. The firm’s 50-day moving average price is $3.53 and its two-hundred day moving average price is $3.16.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) EPS. As a group, equities research analysts expect that Sabre will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Sabre

Several institutional investors have recently made changes to their positions in the stock. UniSuper Management Pty Ltd acquired a new stake in shares of Sabre during the first quarter valued at about $784,000. ProShare Advisors LLC raised its stake in Sabre by 7.2% during the first quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after buying an additional 4,580 shares during the last quarter. Tidal Investments LLC acquired a new position in Sabre in the first quarter valued at $3,463,000. Envestnet Asset Management Inc. boosted its position in Sabre by 51.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock valued at $4,465,000 after acquiring an additional 570,197 shares during the last quarter. Finally, Earnest Partners LLC raised its position in shares of Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock worth $89,055,000 after acquiring an additional 12,838,230 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.

About Sabre

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.