Sabre (NASDAQ:SABR) Upgraded to "Buy" at StockNews.com

Sabre (NASDAQ:SABR - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Monday.

Separately, Sanford C. Bernstein reaffirmed an "underperform" rating and issued a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $3.50.

Sabre Price Performance

NASDAQ SABR traded up $0.02 during midday trading on Monday, hitting $3.92. 4,135,384 shares of the company traded hands, compared to its average volume of 4,420,632. The company has a market cap of $1.51 billion, a PE ratio of -4.96 and a beta of 1.80. Sabre has a 52 week low of $1.81 and a 52 week high of $4.63. The company's 50-day simple moving average is $3.66 and its 200-day simple moving average is $3.26.

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

Institutional Trading of Sabre

A number of hedge funds and other institutional investors have recently modified their holdings of SABR. International Assets Investment Management LLC boosted its position 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 purchasing an additional 6,582 shares during the period. Fifth Third Wealth Advisors LLC purchased a new position in shares of Sabre during the second quarter worth $26,000. Zacks Investment Management acquired a new stake in shares of Sabre in the third quarter valued at $41,000. Wellington Wealth Strategies LLC. purchased a new stake in shares of Sabre in the 2nd quarter valued at $32,000. Finally, 626 Financial LLC acquired a new position in Sabre during the 3rd quarter worth about $44,000. 89.42% of the stock is 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.

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