Cantor Fitzgerald reaffirmed their neutral rating on shares of Sabre (NASDAQ:SABR - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage currently has a $4.00 price objective on the information technology services provider's stock, down from their prior price objective of $5.00.
Several other equities analysts also recently weighed in on the company. Sanford C. Bernstein restated an "underperform" rating and issued a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. StockNews.com downgraded Sabre from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Sabre has an average rating of "Hold" and a consensus target price of $3.25.
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Sabre Stock Performance
Sabre stock traded down $0.09 during trading on Tuesday, reaching $3.46. The company had a trading volume of 3,212,335 shares, compared to its average volume of 3,016,684. The firm's 50-day simple moving average is $3.70 and its 200 day simple moving average is $3.36. The firm has a market capitalization of $1.34 billion, a PE ratio of -4.38 and a beta of 1.80. Sabre has a 1-year low of $1.81 and a 1-year high of $4.63.
Sabre (NASDAQ:SABR - Get Free Report) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating 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. During the same quarter last year, the business earned ($0.10) EPS. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that Sabre will post -0.3 EPS for the current year.
Institutional Investors Weigh In On Sabre
A number of large investors have recently made changes to their positions in SABR. FMR LLC boosted its holdings in Sabre by 24.5% in the 3rd quarter. FMR LLC now owns 15,849 shares of the information technology services provider's stock valued at $58,000 after purchasing an additional 3,116 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Sabre by 4.4% during the 2nd quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider's stock valued at $206,000 after buying an additional 3,270 shares during the period. Xponance Inc. lifted its holdings in Sabre by 15.5% in the second quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider's stock valued at $74,000 after acquiring an additional 3,689 shares during the last quarter. GSA Capital Partners LLP grew its position in Sabre by 12.9% in the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider's stock worth $171,000 after acquiring an additional 5,323 shares during the period. Finally, nVerses Capital LLC increased its stake in Sabre by 25.0% during the third quarter. nVerses Capital LLC now owns 27,000 shares of the information technology services provider's stock worth $99,000 after acquiring an additional 5,400 shares during the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.
Sabre Company Profile
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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.
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