Sabre (NASDAQ:SABR) Trading 3.2% Higher - What's Next?

Shares of Sabre Co. (NASDAQ:SABR - Get Free Report) were up 3.2% during trading on Friday . The company traded as high as $3.90 and last traded at $3.83. Approximately 731,206 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 4,375,151 shares. The stock had previously closed at $3.71.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Sabre from a "buy" rating to a "hold" rating in a research report on Wednesday.

Sabre Trading Up 1.6 %

The company has a market cap of $1.45 billion, a P/E ratio of -4.77 and a beta of 1.74. The business has a 50 day moving average price of $3.47 and a 200-day moving average price of $3.14.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. During the same period last year, the company posted ($0.10) earnings per share. The business's revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts expect that Sabre Co. will post -0.3 earnings per share for the current year.

Institutional Trading of Sabre

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC acquired a new position in shares of Sabre during the 2nd quarter worth approximately $26,000. Triangle Securities Wealth Management acquired a new position in shares of Sabre in the second quarter valued at $29,000. Wellington Wealth Strategies LLC. bought a new position in shares of Sabre in the second quarter valued at about $32,000. International Assets Investment Management LLC lifted its stake in shares of Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider's stock worth $33,000 after buying an additional 6,582 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Sabre during the 2nd quarter worth about $34,000. 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.