Sabre (NASDAQ:SABR) Stock Price Up 6.1% – What’s Next?

by · The Cerbat Gem

Sabre Co. (NASDAQ:SABR – Get Free Report)’s share price shot up 6.1% during mid-day trading on Tuesday . The company traded as high as $4.00 and last traded at $3.98. 1,309,014 shares were traded during mid-day trading, a decline of 70% from the average session volume of 4,361,802 shares. The stock had previously closed at $3.75.

Analysts Set New Price Targets

A number of brokerages recently commented on SABR. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $3.50.

Get Our Latest Stock Analysis on SABR

Sabre Stock Up 2.8 %

The stock’s 50 day moving average is $3.64 and its 200 day moving average is $3.25. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -5.10 and a beta of 1.80.

Sabre (NASDAQ:SABR – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) EPS. Analysts anticipate that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

A number of hedge funds have recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC acquired a new position in Sabre in the second quarter worth $26,000. Wellington Wealth Strategies LLC. acquired a new position in Sabre during the 2nd quarter worth about $32,000. International Assets Investment Management LLC grew its holdings in Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 6,582 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Sabre in the 2nd quarter valued at $34,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Sabre during the 2nd quarter valued at about $35,000. 89.42% of the stock is owned by institutional investors and hedge funds.

About Sabre

(Get Free Report)

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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