Sabre (NASDAQ:SABR) Hits New 52-Week High – Should You Buy?

Sabre Co. (NASDAQ:SABR)’s share price hit a new 52-week high on Friday . The stock traded as high as $4.43 and last traded at $4.35, with a volume of 1790552 shares changing hands. The stock had previously closed at $4.15.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SABR shares. Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 price target on shares of Sabre in a research report on Tuesday, November 19th. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 price target on shares of Sabre in a report on Friday. Finally, StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.25.

Sabre Stock Performance

The company has a market capitalization of $1.74 billion, a P/E ratio of -6.28, a price-to-earnings-growth ratio of 2.43 and a beta of 1.79. The firm has a 50 day moving average price of $3.54 and a two-hundred day moving average price of $3.46.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. On average, equities analysts expect that Sabre Co. will post 0.04 earnings per share for the current year.

Institutional Trading of Sabre

A number of large investors have recently made changes to their positions in SABR. International Assets Investment Management LLC increased its holdings in Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 6,582 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC acquired a new stake in Sabre in the 3rd quarter valued at about $46,000. Versor Investments LP acquired a new stake in Sabre in the 3rd quarter valued at about $287,000. GSA Capital Partners LLP lifted its stake in Sabre by 12.9% in the 3rd quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock valued at $171,000 after purchasing an additional 5,323 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in Sabre during the third quarter worth approximately $108,000. Institutional investors own 89.42% of the company’s stock.

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.