Sabre (NASDAQ:SABR) Stock Rating Upgraded by Sanford C. Bernstein

Sabre (NASDAQ:SABR - Get Free Report) was upgraded by equities researchers at Sanford C. Bernstein from an "underperform" rating to a "market perform" rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $3.50 price objective on the information technology services provider's stock. Sanford C. Bernstein's price objective points to a potential upside of 62.79% from the company's previous close.

SABR has been the topic of a number of other research reports. Bank of America upgraded Sabre from a "neutral" rating to a "buy" rating and increased their target price for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. StockNews.com raised Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $4.00 price target on shares of Sabre in a research note on Friday, February 21st.

Sabre Stock Performance

Sabre stock traded down $0.19 during midday trading on Tuesday, reaching $2.15. 12,048,712 shares of the company's stock were exchanged, compared to its average volume of 4,229,038. The stock's 50-day simple moving average is $3.49 and its 200 day simple moving average is $3.56. The firm has a market cap of $830.05 million, a price-to-earnings ratio of -2.99, a P/E/G ratio of 2.43 and a beta of 1.39. Sabre has a 52 week low of $2.07 and a 52 week high of $4.63.

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

Institutional Trading of Sabre

Institutional investors and hedge funds have recently made changes to their positions in the company. U S Global Investors Inc. acquired a new position in shares of Sabre during the 4th quarter worth $20,509,000. Arrowstreet Capital Limited Partnership raised its stake in Sabre by 831.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider's stock worth $21,388,000 after acquiring an additional 5,230,239 shares in the last quarter. Norges Bank bought a new position in shares of Sabre in the fourth quarter worth about $5,955,000. Cooper Creek Partners Management LLC boosted its stake in shares of Sabre by 139.7% in the 4th quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider's stock valued at $9,629,000 after purchasing an additional 1,537,625 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Sabre by 375.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider's stock valued at $5,615,000 after purchasing an additional 1,208,269 shares during the last quarter. Institutional investors own 89.42% of the company's stock.

About Sabre

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.