Sabre (NASDAQ:SABR) Upgraded by Zacks Research to Hold Rating

Sabre (NASDAQ:SABR) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Wall Street Zen lowered shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.80.

Sabre Trading Down 6.7%

Shares of Sabre stock opened at $0.99 on Wednesday. The company has a market capitalization of $390.43 million, a P/E ratio of 0.80 and a beta of 1.06. The stock has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.72. Sabre has a 12-month low of $0.90 and a 12-month high of $4.63.

Institutional Trading of Sabre

Hedge funds have recently added to or reduced their stakes in the stock. Cibc World Markets Corp purchased a new position in Sabre in the fourth quarter valued at about $7,377,000. Swiss National Bank lifted its stake in Sabre by 3.5% in the fourth quarter. Swiss National Bank now owns 739,100 shares of the information technology services provider’s stock valued at $1,005,000 after purchasing an additional 24,800 shares during the last quarter. Nuveen LLC grew its holdings in Sabre by 26.9% during the fourth quarter. Nuveen LLC now owns 1,356,970 shares of the information technology services provider’s stock valued at $1,845,000 after purchasing an additional 287,833 shares during the period. Deutsche Bank AG increased its position in Sabre by 4.5% in the fourth quarter. Deutsche Bank AG now owns 283,106 shares of the information technology services provider’s stock worth $385,000 after buying an additional 12,239 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Sabre by 309.4% in the fourth quarter. Cerity Partners LLC now owns 73,546 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 55,583 shares during the period. Institutional investors own 89.42% of the company’s stock.

About Sabre

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.