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

Sabre (NASDAQ:SABR - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.

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

Sabre Price Performance

Shares of NASDAQ:SABR traded up $0.01 during trading on Friday, hitting $4.30. 5,010,789 shares of the company were exchanged, compared to its average volume of 3,891,426. The firm's 50 day moving average price is $3.55 and its 200-day moving average price is $3.47. Sabre has a 12-month low of $1.81 and a 12-month high of $4.63. The stock has a market capitalization of $1.66 billion, a P/E ratio of -5.97, a PEG ratio of 2.43 and a beta of 1.79.

Sabre (NASDAQ:SABR - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $716.60 million. As a group, equities research analysts anticipate that Sabre will post 0.04 EPS for the current year.

Institutional Trading of Sabre

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in shares of Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 6,582 shares during the last quarter. Sterling Capital Management LLC increased its stake in Sabre by 744.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock valued at $35,000 after buying an additional 8,454 shares during the period. Smartleaf Asset Management LLC raised its position in Sabre by 173.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after buying an additional 6,298 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Sabre in the 3rd quarter worth $41,000. Finally, MML Investors Services LLC purchased a new stake in shares of Sabre in the third quarter valued at about $45,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

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.