Sabre (NASDAQ:SABR) Trading Up 10.3% - What's Next?

Shares of Sabre Co. (NASDAQ:SABR - Get Free Report) rose 10.3% during mid-day trading on Tuesday . The company traded as high as $2.18 and last traded at $2.21. Approximately 1,649,826 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 4,271,785 shares. The stock had previously closed at $2.00.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Bank of America upgraded shares of Sabre from a "neutral" rating to a "buy" rating and lifted their target price for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Cantor Fitzgerald restated a "neutral" rating and set a $4.00 target price on shares of Sabre in a research report on Friday, February 21st. Finally, Sanford C. Bernstein upgraded Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target on the stock in a research report on Tuesday, April 1st.

Sabre Stock Up 1.8 %

The stock has a market capitalization of $891.82 million, a price-to-earnings ratio of -3.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. The stock's 50-day simple moving average is $3.33 and its 200 day simple moving average is $3.51.

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

Institutional Trading of Sabre

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in 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 worth $5,615,000 after buying an additional 1,208,269 shares in the last quarter. Virtu Financial LLC acquired a new position in Sabre during the 4th quarter worth $123,000. Geode Capital Management LLC boosted its position in Sabre by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider's stock valued at $33,335,000 after buying an additional 145,383 shares during the last quarter. Barclays PLC increased its stake in shares of Sabre by 51.6% in the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock valued at $2,885,000 after buying an additional 267,778 shares during the period. Finally, MML Investors Services LLC acquired a new stake in shares of Sabre in the 3rd quarter valued at $45,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

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.