Sabre (NASDAQ:SABR) Raised to “Buy” at StockNews.com

Sabre (NASDAQ:SABR) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Separately, Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.50.

Sabre Price Performance

Shares of NASDAQ SABR opened at $3.96 on Monday. Sabre has a one year low of $1.81 and a one year high of $4.63. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -5.01 and a beta of 1.80. The stock’s fifty day moving average price is $3.67 and its two-hundred day moving average price is $3.27.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. During the same quarter in the previous year, the company earned ($0.10) EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Sabre will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Sabre

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Sabre by 40.3% during the second quarter. SG Americas Securities LLC now owns 53,305 shares of the information technology services provider’s stock worth $142,000 after purchasing an additional 15,315 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Sabre in the second quarter valued at about $26,000. Louisiana State Employees Retirement System raised its stake in Sabre by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock worth $513,000 after acquiring an additional 4,300 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Sabre by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock worth $8,876,000 after acquiring an additional 150,989 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sabre by 99.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,450 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 50,187 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.