Sabre (NASDAQ:SABR) Hits New 12-Month High – What’s Next?

Shares of Sabre Co. (NASDAQ:SABR) reached a new 52-week high during trading on Friday . The stock traded as high as $4.43 and last traded at $4.35, with a volume of 1790552 shares changing hands. The stock had previously closed at $4.15.

Analyst Upgrades and Downgrades

SABR has been the subject of a number of analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $4.00 price target (down from $5.00) on shares of Sabre in a research report on Tuesday, January 7th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. Finally, StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Sabre has a consensus rating of “Hold” and an average target price of $3.25.

Sabre Stock Up 10.2 %

The stock has a fifty day moving average price of $3.53 and a 200-day moving average price of $3.44. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -5.81, a price-to-earnings-growth ratio of 1.99 and a beta of 1.79.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The business had revenue of $714.72 million for the quarter, compared to the consensus estimate of $716.60 million. As a group, research analysts expect that Sabre Co. will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SABR. International Assets Investment Management LLC grew its stake in 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 worth $33,000 after acquiring an additional 6,582 shares during the period. Sterling Capital Management LLC raised its position in shares of 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 worth $35,000 after buying an additional 8,454 shares during the period. Smartleaf Asset Management LLC lifted its position in Sabre by 173.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 6,298 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of Sabre in the third quarter valued at about $41,000. Finally, MML Investors Services LLC purchased a new stake in shares of Sabre during the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Company Profile

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.