Sabre Corporation (NASDAQ:SABR - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.83 and traded as high as $3.42. Sabre shares last traded at $3.30, with a volume of 3,921,244 shares.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on SABR. Morgan Stanley cut their price target on Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Sanford C. Bernstein raised Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target for the company in a research note on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $4.28.
Get Our Latest Stock Analysis on SABR
Sabre Trading Up 0.3%
The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -7.20 and a beta of 1.43. The stock has a fifty day moving average price of $2.84 and a 200 day moving average price of $3.06.
Sabre (NASDAQ:SABR - Get Free Report) last released its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The business had revenue of $776.62 million during the quarter, compared to analysts' expectations of $794.65 million. The firm's revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share. On average, sell-side analysts forecast that Sabre Corporation will post 0.04 EPS for the current year.
Institutional Trading of Sabre
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SABR. Park Avenue Securities LLC bought a new stake in shares of Sabre in the 2nd quarter worth approximately $34,000. Triangle Securities Wealth Management bought a new stake in shares of Sabre in the 2nd quarter worth approximately $33,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Sabre by 84.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 52,142 shares of the information technology services provider's stock worth $178,000 after acquiring an additional 23,918 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of Sabre in the 2nd quarter worth approximately $73,000. Finally, Intech Investment Management LLC lifted its position in shares of Sabre by 38.3% in the 1st quarter. Intech Investment Management LLC now owns 1,156,720 shares of the information technology services provider's stock worth $3,250,000 after acquiring an additional 320,035 shares during the period. Institutional investors and hedge funds own 89.42% of the company's stock.
Sabre Company Profile
(
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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.
Further Reading
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