Sabre’s (SABR) “Underperform” Rating Reaffirmed at Sanford C. Bernstein

Sabre (NASDAQ:SABR)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Sanford C. Bernstein in a research report issued on Tuesday, MarketBeat reports. They currently have a $3.00 target price on the information technology services provider’s stock. Sanford C. Bernstein’s price objective points to a potential downside of 16.67% from the stock’s previous close.

Separately, StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.50.

Sabre Stock Performance

Sabre stock opened at $3.60 on Tuesday. The company has a 50-day simple moving average of $3.50 and a 200-day simple moving average of $3.16. The firm has a market capitalization of $1.39 billion, a P/E ratio of -4.56 and a beta of 1.74. Sabre has a one year low of $1.81 and a one year high of $4.68.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping the consensus estimate 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 firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) EPS. As a group, sell-side analysts forecast that Sabre will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of Sabre by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after purchasing an additional 145,383 shares during the last quarter. Barclays PLC grew its stake in shares of Sabre by 51.6% in the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after purchasing an additional 267,778 shares during the last quarter. MML Investors Services LLC acquired a new position in shares of Sabre in the 3rd quarter worth approximately $45,000. XTX Topco Ltd acquired a new position in shares of Sabre in the 3rd quarter worth approximately $244,000. Finally, Zacks Investment Management acquired a new position in shares of Sabre in the third quarter worth about $41,000. Institutional investors and hedge funds 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.