Sabre (NASDAQ:SABR) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Sabre (NASDAQ:SABR) 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.

Sabre Stock Down 7.5 %

NASDAQ:SABR opened at $2.60 on Tuesday. Sabre has a 52 week low of $2.29 and a 52 week high of $4.63. The stock’s fifty day moving average is $3.56 and its two-hundred day moving average is $3.58. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -3.61, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62.

Sabre (NASDAQ:SABR) 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

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.