Sabre (NASDAQ:SABR) Sets New 52-Week High – Time to Buy?

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SABR shares. Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 price target (down previously from $5.00) on shares of Sabre in a research report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.25.

Sabre Trading Up 10.2 %

The stock has a market capitalization of $1.77 billion, a P/E ratio of -5.81, a price-to-earnings-growth ratio of 1.99 and a beta of 1.79. The stock has a 50 day moving average of $3.53 and a 200-day moving average of $3.44.

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

Institutional Trading of Sabre

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings 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 valued at $33,000 after purchasing an additional 6,582 shares during the last quarter. Sterling Capital Management LLC lifted its position in Sabre by 744.8% during the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 8,454 shares during the period. Smartleaf Asset Management LLC grew 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 purchasing an additional 6,298 shares during the period. Zacks Investment Management purchased a new position in shares of Sabre during the 3rd quarter valued at about $41,000. Finally, MML Investors Services LLC purchased a new stake in shares of Sabre in the third quarter worth about $45,000. Hedge funds and other institutional investors 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.