BidaskClub Lowers Sabre (NASDAQ:SABR) to Hold

Sabre (NASDAQ:SABR) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, September 11th.

Other research analysts have also issued reports about the company. Imperial Capital reiterated a “buy” rating and set a $31.00 price target on shares of Sabre in a report on Wednesday, August 1st. ValuEngine lowered Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Deutsche Bank upped their price target on Sabre from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, June 6th. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating in a report on Tuesday, May 15th. Finally, Cowen set a $30.00 price target on Sabre and gave the stock a “buy” rating in a report on Thursday, July 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $27.57.

SABR traded down $0.37 on Tuesday, hitting $24.46. The company had a trading volume of 1,337,490 shares, compared to its average volume of 2,462,258. Sabre has a 1-year low of $17.79 and a 1-year high of $26.78. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $7.18 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 2.77 and a beta of 0.67.

Sabre (NASDAQ:SABR) last posted its earnings results on Tuesday, July 31st. The information technology services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Sabre had a return on equity of 47.59% and a net margin of 9.41%. The firm had revenue of $984.38 million during the quarter, compared to analyst estimates of $946.40 million. During the same period in the previous year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts anticipate that Sabre will post 1.31 earnings per share for the current fiscal year.

In related news, major shareholder Lake Group L.L.C. Silver sold 6,155,616 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $24.72, for a total value of $152,166,827.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judy C. Odom sold 10,000 shares of the company’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $24.78, for a total value of $247,800.00. Following the completion of the transaction, the director now owns 41,039 shares of the company’s stock, valued at $1,016,946.42. The disclosure for this sale can be found here. Insiders sold 16,427,216 shares of company stock valued at $406,162,833 over the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in SABR. Burgundy Asset Management Ltd. grew its position in Sabre by 29.6% in the first quarter. Burgundy Asset Management Ltd. now owns 18,117,265 shares of the information technology services provider’s stock valued at $388,615,000 after acquiring an additional 4,140,997 shares during the period. Bank of America Corp DE grew its position in Sabre by 240.3% in the second quarter. Bank of America Corp DE now owns 4,532,334 shares of the information technology services provider’s stock valued at $111,676,000 after acquiring an additional 3,200,652 shares during the period. BlackRock Inc. grew its position in Sabre by 14.4% in the second quarter. BlackRock Inc. now owns 22,591,322 shares of the information technology services provider’s stock valued at $556,651,000 after acquiring an additional 2,842,554 shares during the period. First Trust Advisors LP grew its position in Sabre by 2,182.7% in the second quarter. First Trust Advisors LP now owns 1,303,900 shares of the information technology services provider’s stock valued at $32,128,000 after acquiring an additional 1,246,779 shares during the period. Finally, Millennium Management LLC grew its position in Sabre by 99.5% in the second quarter. Millennium Management LLC now owns 2,445,959 shares of the information technology services provider’s stock valued at $60,268,000 after acquiring an additional 1,219,959 shares during the period.

Sabre Company Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as 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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Analyst Recommendations for Sabre (NASDAQ:SABR)

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