Sabre (NASDAQ:SABR) Earns Underperform Rating from Sanford C. Bernstein

Sanford C. Bernstein reiterated their underperform rating on shares of Sabre (NASDAQ:SABR - Free Report) in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $3.00 price target on the information technology services provider's stock.

Separately, StockNews.com downgraded Sabre from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Sabre presently has an average rating of "Hold" and an average price target of $3.50.

Sabre Stock Performance

Shares of SABR stock traded down $0.14 during mid-day trading on Tuesday, hitting $3.65. The company's stock had a trading volume of 4,499,413 shares, compared to its average volume of 4,382,455. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -4.24 and a beta of 1.74. The business has a 50-day moving average price of $3.47 and a 200 day moving average price of $3.14. Sabre has a 52-week low of $1.81 and a 52-week high of $4.68.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. Equities research analysts predict that Sabre will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Earnest Partners LLC boosted its stake in shares of Sabre by 62.6% during the second quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider's stock valued at $89,055,000 after purchasing an additional 12,838,230 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Sabre in the 3rd quarter worth $36,185,000. Tidal Investments LLC purchased a new stake in shares of Sabre during the 1st quarter worth $3,463,000. Beaconlight Capital LLC boosted its position in Sabre by 32.2% during the third quarter. Beaconlight Capital LLC now owns 3,954,980 shares of the information technology services provider's stock valued at $14,515,000 after purchasing an additional 962,665 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Sabre by 1.6% in the first quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider's stock valued at $102,420,000 after purchasing an additional 678,588 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company's stock.

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.