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

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

Analysts Set New Price Targets

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

Sabre Trading Up 8.9 %

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

Sabre (NASDAQ:SABR) last issued its quarterly earnings data 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 firm had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. Research analysts expect that Sabre Co. will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

A number of large investors have recently modified their holdings of the company. Mackenzie Financial Corp raised its holdings in shares of Sabre by 782.3% in the 4th quarter. Mackenzie Financial Corp now owns 214,300 shares of the information technology services provider’s stock worth $782,000 after purchasing an additional 190,012 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Sabre by 36.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 791,512 shares of the information technology services provider’s stock valued at $2,889,000 after purchasing an additional 212,636 shares in the last quarter. Two Sigma Advisers LP grew its stake in Sabre by 25.5% during the 4th quarter. Two Sigma Advisers LP now owns 3,721,500 shares of the information technology services provider’s stock valued at $13,583,000 after purchasing an additional 755,600 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Sabre by 35.4% during the 4th quarter. Two Sigma Investments LP now owns 3,532,153 shares of the information technology services provider’s stock worth $12,892,000 after buying an additional 922,693 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Sabre by 350.0% during the 4th quarter. Point72 Asset Management L.P. now owns 450,000 shares of the information technology services provider’s stock worth $1,642,000 after buying an additional 350,000 shares during the last quarter. 89.42% of the stock is currently owned by hedge funds and other 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.