Sabre (NASDAQ:SABR) Rating Lowered to “Hold” at StockNews.com

Sabre (NASDAQ:SABR) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Sabre Stock Up 3.3 %

NASDAQ SABR opened at $3.43 on Tuesday. Sabre has a fifty-two week low of $1.81 and a fifty-two week high of $4.68. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -4.34 and a beta of 1.74. The business has a fifty day moving average of $3.37 and a 200-day moving average of $3.10.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates 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 was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) earnings per share. As a group, analysts anticipate that Sabre will post -0.29 EPS for the current year.

Hedge Funds Weigh In On Sabre

Several institutional investors have recently added to or reduced their stakes in SABR. First Trust Direct Indexing L.P. acquired a new position in Sabre in the first quarter valued at $28,000. BNP Paribas Financial Markets grew its position in Sabre by 20.5% during the first quarter. BNP Paribas Financial Markets now owns 166,659 shares of the information technology services provider’s stock valued at $403,000 after acquiring an additional 28,369 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Sabre during the first quarter valued at about $282,000. Swiss National Bank grew its position in Sabre by 20.8% during the first quarter. Swiss National Bank now owns 711,900 shares of the information technology services provider’s stock valued at $1,723,000 after acquiring an additional 122,400 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Sabre in the first quarter worth about $342,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Company Profile

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.