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

Shares of Sabre Corporation (NASDAQ:SABR) have been given an average recommendation of “Reduce” by the seven ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $3.80.

A number of analysts have issued reports on the stock. Zacks Research downgraded shares of Sabre from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Wall Street Zen lowered Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th.

Sabre Stock Performance

SABR opened at $0.99 on Friday. The stock has a market cap of $390.43 million, a price-to-earnings ratio of 0.80 and a beta of 1.06. The firm’s fifty day moving average is $1.35 and its 200 day moving average is $1.72. Sabre has a fifty-two week low of $0.90 and a fifty-two week high of $4.63.

Institutional Investors Weigh In On Sabre

Hedge funds have recently bought and sold shares of the business. Oak Thistle LLC bought a new stake in shares of Sabre in the 4th quarter worth about $27,000. GSA Capital Partners LLP purchased a new position in Sabre in the third quarter worth about $32,000. 626 Financial LLC bought a new stake in Sabre during the second quarter worth approximately $35,000. Diligent Investors LLC purchased a new stake in Sabre during the third quarter valued at approximately $35,000. Finally, MQS Management LLC purchased a new stake in Sabre during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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.