Sabre (NASDAQ:SABR) Hits New 1-Year High - Here's What Happened

Sabre Co. (NASDAQ:SABR - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as $4.43 and last traded at $4.35, with a volume of 1790552 shares. The stock had previously closed at $4.15.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald reiterated a "neutral" rating and set a $4.00 price target on shares of Sabre in a research report on Friday. StockNews.com upgraded shares of Sabre from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Sanford C. Bernstein restated an "underperform" rating and set a $3.00 price objective on shares of Sabre in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Sabre has an average rating of "Hold" and an average price target of $3.25.

Sabre Stock Performance

The firm has a market capitalization of $1.66 billion, a P/E ratio of -5.97, a price-to-earnings-growth ratio of 2.43 and a beta of 1.79. The firm has a 50 day moving average price of $3.55 and a two-hundred day moving average price of $3.47.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. State Street Corp boosted its stake in Sabre by 1.0% in the 3rd quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider's stock worth $51,446,000 after purchasing an additional 140,218 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Sabre in the third quarter valued at $36,185,000. Geode Capital Management LLC boosted its position in shares of Sabre by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider's stock worth $33,335,000 after buying an additional 145,383 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Sabre by 831.0% in 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 buying an additional 5,230,239 shares during the period. Finally, U S Global Investors Inc. purchased a new position in shares of Sabre during the fourth quarter valued at $20,509,000. 89.42% of the stock is 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.