Sabre (NASDAQ:SABR) Stock Price Up 3.5%

Sabre Co. (NASDAQ:SABR - Get Free Report)'s stock price was up 3.5% during mid-day trading on Wednesday . The stock traded as high as $2.64 and last traded at $2.64. Approximately 217,680 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 5,419,913 shares. The stock had previously closed at $2.55.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SABR shares. Mizuho decreased their target price on Sabre from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Monday, March 4th. Bank of America decreased their target price on Sabre from $4.50 to $3.00 and set a "neutral" rating for the company in a research report on Monday. Cantor Fitzgerald assumed coverage on Sabre in a research report on Wednesday, February 21st. They set an "overweight" rating and a $5.00 price objective for the company. Finally, StockNews.com lowered Sabre from a "buy" rating to a "hold" rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.00.

Sabre Trading Up 2.4 %

The firm has a market capitalization of $990.47 million, a PE ratio of -1.65 and a beta of 1.77. The firm has a 50 day simple moving average of $2.65 and a 200 day simple moving average of $3.53.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The firm had revenue of $687.05 million during the quarter, compared to analysts' expectations of $707.89 million. Research analysts forecast that Sabre Co. will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

A number of institutional investors and hedge funds have recently modified their holdings of SABR. Raymond James & Associates lifted its position in Sabre by 8.1% during the first quarter. Raymond James & Associates now owns 177,468 shares of the information technology services provider's stock valued at $2,028,000 after purchasing an additional 13,361 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Sabre by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 3,141,433 shares of the information technology services provider's stock valued at $35,907,000 after purchasing an additional 26,741 shares in the last quarter. MetLife Investment Management LLC lifted its position in Sabre by 42.6% during the first quarter. MetLife Investment Management LLC now owns 223,500 shares of the information technology services provider's stock valued at $2,555,000 after purchasing an additional 66,759 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Sabre by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 118,536 shares of the information technology services provider's stock valued at $1,355,000 after purchasing an additional 11,302 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Sabre by 9.7% during the first quarter. Great West Life Assurance Co. Can now owns 181,986 shares of the information technology services provider's stock valued at $2,140,000 after purchasing an additional 16,079 shares in the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

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.