Sabre (NASDAQ:SABR) Stock Price Up 3.5%

Sabre Co. (NASDAQ:SABR) shares rose 3.5% during mid-day trading on Wednesday . The stock traded as high as $2.64 and last traded at $2.64. Approximately 217,680 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 5,419,913 shares. The stock had previously closed at $2.55.

Analysts Set New Price Targets

SABR has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on shares of Sabre in a research note on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 target price for the company. Mizuho decreased their target price on shares of Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Bank of America decreased their target price on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday. Finally, StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.00.

Sabre Stock Up 1.6 %

The firm’s fifty day moving average is $2.71 and its 200 day moving average is $3.55.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $687.05 million for the quarter, compared to analysts’ expectations of $707.89 million. As a group, analysts expect that Sabre Co. will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On Sabre

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors lifted its position in Sabre by 17.9% in the second quarter. Captrust Financial Advisors now owns 13,340 shares of the information technology services provider’s stock valued at $78,000 after buying an additional 2,025 shares during the last quarter. MML Investors Services LLC lifted its position in Sabre by 13.4% in the second quarter. MML Investors Services LLC now owns 17,173 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 2,032 shares during the last quarter. Alliancebernstein L.P. lifted its position in Sabre by 0.5% in the second quarter. Alliancebernstein L.P. now owns 415,638 shares of the information technology services provider’s stock valued at $1,326,000 after buying an additional 2,090 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its position in Sabre by 11.9% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 20,165 shares of the information technology services provider’s stock valued at $125,000 after buying an additional 2,149 shares during the last quarter. Finally, Mariner LLC lifted its position in Sabre by 19.1% in the fourth quarter. Mariner LLC now owns 15,565 shares of the information technology services provider’s stock valued at $96,000 after buying an additional 2,498 shares during the last quarter. 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.