Sabre (NASDAQ:SABR) Trading Up 6.1% – Here’s What Happened

by · The Markets Daily

Sabre Co. (NASDAQ:SABR – Get Free Report) was up 6.1% on Tuesday . The company traded as high as $4.00 and last traded at $3.98. Approximately 1,309,014 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 4,361,802 shares. The stock had previously closed at $3.75.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SABR. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 target price on shares of Sabre in a 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $3.50.

Get Our Latest Stock Analysis on Sabre

Sabre Stock Up 4.5 %

The stock’s fifty day simple moving average is $3.63 and its 200-day simple moving average is $3.24. The company has a market capitalization of $1.51 billion, a PE ratio of -4.75 and a beta of 1.80.

Sabre (NASDAQ:SABR – Get Free Report) last announced its 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 company had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. Sabre’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.10) EPS. Analysts expect that Sabre Co. will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Sabre

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its stake in Sabre by 51.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock worth $4,465,000 after buying an additional 570,197 shares during the last quarter. Earnest Partners LLC increased its stake in shares of Sabre by 62.6% during the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after acquiring an additional 12,838,230 shares during the last quarter. Algert Global LLC lifted its holdings in shares of Sabre by 44.2% during the 3rd quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock worth $1,609,000 after acquiring an additional 134,340 shares during the period. Creative Planning boosted its position in shares of Sabre by 9.7% in the third quarter. Creative Planning now owns 2,986,347 shares of the information technology services provider’s stock worth $10,960,000 after acquiring an additional 264,026 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Sabre by 161.7% during the second quarter. AQR Capital Management LLC now owns 345,977 shares of the information technology services provider’s stock worth $901,000 after purchasing an additional 213,757 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

About Sabre

(Get Free Report)

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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