Sabre (NASDAQ:SABR) Shares Up 4.3% - Here's Why

Sabre Co. (NASDAQ:SABR - Get Free Report)'s stock price traded up 4.3% during mid-day trading on Monday . The stock traded as high as $2.62 and last traded at $2.55. 1,344,558 shares traded hands during trading, a decline of 69% from the average session volume of 4,364,834 shares. The stock had previously closed at $2.44.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SABR. Morgan Stanley reduced their price target on Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. StockNews.com raised Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective for the company in a research report on Tuesday, April 1st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st. Finally, Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and raised their price target for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $4.28.

Sabre Stock Up 4.7 %

The stock has a 50-day simple moving average of $2.88 and a two-hundred day simple moving average of $3.37. The firm has a market cap of $986.41 million, a PE ratio of -3.56, a P/E/G ratio of 2.43 and a beta of 1.36.

Sabre (NASDAQ:SABR - Get Free Report) last issued its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. Research analysts expect that Sabre Co. will post 0.04 earnings per share for the current year.

Institutional Trading of Sabre

A number of institutional investors have recently made changes to their positions in SABR. Summit Investment Advisors Inc. raised its holdings in Sabre by 8.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider's stock valued at $146,000 after buying an additional 3,142 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Sabre by 5.9% during the fourth quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider's stock valued at $209,000 after acquiring an additional 3,195 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Sabre by 22.1% during the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider's stock worth $109,000 after purchasing an additional 5,395 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 6,298 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Sabre by 9.6% during the 4th quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider's stock valued at $286,000 after purchasing an additional 6,852 shares during the period. Hedge funds and other institutional investors own 89.42% of the company's stock.

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.

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