Zacks Research Downgrades Sabre (NASDAQ:SABR) to Strong Sell

Sabre (NASDAQ:SABR) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on SABR. Morgan Stanley reissued a “reduce” rating on shares of Sabre in a report on Sunday, August 10th. Redburn Atlantic downgraded shares of Sabre from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Rothschild & Co Redburn lowered shares of Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective on the stock. in a report on Friday, August 15th. Sanford C. Bernstein raised shares of Sabre from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $4.00 to $3.00 in a report on Monday, August 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sabre in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $3.80.

Sabre Stock Up 2.5%

SABR stock traded up $0.05 during trading on Wednesday, hitting $1.88. The company had a trading volume of 4,218,175 shares, compared to its average volume of 6,178,210. The firm has a 50-day moving average price of $1.87 and a 200-day moving average price of $2.38. Sabre has a 12 month low of $1.69 and a 12 month high of $4.63. The stock has a market cap of $741.68 million, a price-to-earnings ratio of 1.53 and a beta of 1.55.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $715.18 million during the quarter, compared to analysts’ expectations of $715.32 million. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS. Equities analysts expect that Sabre will post 0.04 EPS for the current year.

Institutional Trading of Sabre

Large investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Sabre during the third quarter worth about $32,000. PNC Financial Services Group Inc. lifted its holdings in shares of Sabre by 85.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 38,538 shares of the information technology services provider’s stock valued at $71,000 after purchasing an additional 17,792 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its position in shares of Sabre by 27.7% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 340,984 shares of the information technology services provider’s stock valued at $624,000 after purchasing an additional 74,000 shares during the period. Public Sector Pension Investment Board grew its position in shares of Sabre by 16.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,544,061 shares of the information technology services provider’s stock valued at $2,826,000 after purchasing an additional 221,960 shares during the period. Finally, Caprock Group LLC bought a new stake in Sabre during the 3rd quarter worth approximately $43,000. Institutional investors 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.