Sabre (NASDAQ:SABR) Shares Up 3.5%

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

Analyst Ratings Changes

SABR has been the topic of a number of recent analyst reports. StockNews.com downgraded Sabre from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Bank of America reduced their price objective on Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a report on Monday. Cantor Fitzgerald began coverage on Sabre in a report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 price objective for the company. Finally, Mizuho reduced their price objective on Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, March 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.00.

Sabre Trading Down 1.5 %

The business has a fifty day moving average price of $2.65 and a 200-day moving average price of $3.53.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $687.05 million during the quarter, compared to analyst estimates of $707.89 million. On average, equities research analysts expect that Sabre Co. will post -0.21 EPS for the current year.

Institutional Investors Weigh In On Sabre

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Apollo Management Holdings L.P. acquired a new position in shares of Sabre during the first quarter worth $61,780,000. Deutsche Bank AG increased its holdings in Sabre by 2,645.0% in 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 purchasing an additional 4,086,244 shares during the period. Vanguard Group Inc. increased its holdings in Sabre by 10.1% in the third quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider’s stock valued at $179,201,000 after purchasing an additional 3,665,465 shares during the period. Morgan Stanley increased its holdings in Sabre by 139.3% in the fourth quarter. Morgan Stanley now owns 5,045,079 shares of the information technology services provider’s stock valued at $31,179,000 after purchasing an additional 2,936,382 shares during the period. Finally, Marshall Wace LLP increased its holdings in Sabre by 523.7% in the second quarter. Marshall Wace LLP now owns 3,487,290 shares of the information technology services provider’s stock valued at $11,124,000 after purchasing an additional 2,928,138 shares during the period. 89.42% of the stock is currently owned by institutional investors.

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.