Sabre Co. (NASDAQ:SABR – Get Free Report)’s stock price traded down 5.7% during trading on Friday . The company traded as low as $2.71 and last traded at $2.72. 1,020,444 shares changed hands during trading, a decline of 78% from the average session volume of 4,606,806 shares. The stock had previously closed at $2.88.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Sanford C. Bernstein raised shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price target on the stock in a research report on Tuesday, April 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Wall Street Zen raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and raised their price target for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, Morgan Stanley lowered their price target on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $4.28.
Check Out Our Latest Stock Analysis on Sabre
Sabre Stock Performance
Sabre (NASDAQ:SABR – Get Free Report) last released its earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The business had revenue of $776.62 million for the quarter, compared to analysts’ expectations of $794.65 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sabre
Several hedge funds have recently bought and sold shares of SABR. Fifth Third Wealth Advisors LLC bought a new position in Sabre in the 1st quarter valued at about $28,000. Blueshift Asset Management LLC acquired a new stake in Sabre during the 1st quarter worth approximately $31,000. Sterling Capital Management LLC lifted 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 purchasing an additional 8,454 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Sabre by 173.2% in 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. Finally, Abacus Planning Group Inc. acquired a new position in shares of Sabre in the 1st quarter worth approximately $38,000. 89.42% of the stock is owned by institutional investors.
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.
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