StockNews.com Upgrades Sabre (NASDAQ:SABR) to Buy

Sabre (NASDAQ:SABR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other research analysts have also recently commented on SABR. Cantor Fitzgerald started coverage on Sabre in a research note on Wednesday, February 21st. They set an “overweight” rating and a $5.00 target price for the company. Mizuho reduced their price objective on Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Finally, Bank of America upgraded shares of Sabre from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $3.50 to $5.00 in a research note on Monday, January 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Sabre presently has an average rating of “Hold” and an average price target of $4.40.

Sabre Stock Performance

NASDAQ SABR traded up $0.01 on Thursday, reaching $2.42. 6,876,019 shares of the company’s stock traded hands, compared to its average volume of 5,255,847. Sabre has a fifty-two week low of $1.81 and a fifty-two week high of $5.76. The firm has a market cap of $918.37 million, a price-to-earnings ratio of -1.53 and a beta of 1.78. The stock has a 50 day moving average price of $3.12 and a 200-day moving average price of $3.72.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share 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, equities research analysts anticipate that Sabre will post -0.21 EPS for the current fiscal year.

Insider Activity at Sabre

In other news, insider Sean E. Menke sold 50,000 shares of Sabre stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $4.43, for a total value of $221,500.00. Following the transaction, the insider now directly owns 1,567,340 shares of the company’s stock, valued at approximately $6,943,316.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.32% of the stock is owned by insiders.

Institutional Trading of Sabre

Several institutional investors and hedge funds have recently bought and sold shares of SABR. Apollo Management Holdings L.P. acquired a new stake in shares of Sabre during the first quarter worth $61,780,000. Deutsche Bank AG raised its holdings in shares of Sabre by 2,645.0% during the first quarter. Deutsche Bank AG now owns 4,240,732 shares of the information technology services provider’s stock valued at $18,193,000 after buying an additional 4,086,244 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Sabre by 10.1% during the third quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider’s stock worth $179,201,000 after buying an additional 3,665,465 shares during the period. Morgan Stanley grew its holdings in Sabre by 139.3% in the 4th quarter. Morgan Stanley now owns 5,045,079 shares of the information technology services provider’s stock worth $31,179,000 after buying an additional 2,936,382 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Sabre by 523.7% in the 2nd quarter. Marshall Wace LLP now owns 3,487,290 shares of the information technology services provider’s stock worth $11,124,000 after buying an additional 2,928,138 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.