1 week Ago By ABMN Staff
Sanford C. Bernstein upgraded shares of Sabre ( NASDAQ:SABR – Free Report ) from an underperform rating to a market perform rating in a report released on Tuesday, Marketbeat reports. Sanford C.
Bernstein currently has $3.50 target price on the information technology services provider’s stock. Several other analysts have also recently issued reports on SABR.
StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.
00 target price on shares of Sabre in a report on Friday, February 21st. Finally, Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $4.50 to $6.
10 in a research note on Tuesday, March 4th. View Our Latest Stock Analysis on Sabre Sabre Stock Down 7.5 % Sabre ( NASDAQ:SABR – Get Free Report ) last posted its earnings results on Thursday, February 20th.
The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, sell-side analysts expect that Sabre will post 0.04 EPS for the current fiscal year.
Hedge Funds Weigh In On Sabre A number of institutional investors and hedge funds have recently made changes to their positions in SABR. Sterling Capital Management LLC lifted its stake in Sabre by 744.8% in the fourth quarter.
Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 8,454 shares during the last quarter. Smartleaf Asset Management LLC increased 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 valued at $36,000 after purchasing an additional 6,298 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Sabre in the 3rd quarter valued at $41,000. MML Investors Services LLC purchased a new stake in shares of Sabre during the 3rd quarter worth $45,000.
Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Sabre during the fourth quarter worth $45,000. 89.
42% of the stock is owned by institutional investors and hedge funds. About Sabre ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter .
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