1 day Ago By ABMN Staff
Sabre Co. ( NASDAQ:SABR – Get Free Report ) was the recipient of some unusual options trading on Monday. Investors acquired 15,645 put options on the stock.
This is an increase of 382% compared to the typical volume of 3,249 put options. Analysts Set New Price Targets Several analysts have weighed in on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.
00 target price on shares of Sabre in a research note on Friday, February 21st. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.
Morgan Stanley reduced their price objective on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a report on Wednesday, April 16th.
Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and raised their target price for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th.
Finally, Sanford C. Bernstein raised shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price target for the company in a research note on Tuesday, April 1st.
Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.
28. View Our Latest Research Report on Sabre Sabre Trading Down 5.1 % Sabre ( NASDAQ:SABR – Get Free Report ) last released its earnings results on Thursday, February 20th.
The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.
03). The company had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.
60 million. On average, equities analysts predict that Sabre will post 0.04 EPS for the current fiscal year.
Institutional Investors Weigh In On Sabre A number of institutional investors and hedge funds have recently modified their holdings of SABR. Envestnet Asset Management Inc. lifted its holdings in shares of Sabre by 0.
6% during the first quarter. Envestnet Asset Management Inc. now owns 1,683,647 shares of the information technology services provider’s stock valued at $4,731,000 after purchasing an additional 9,880 shares during the last quarter.
Principal Financial Group Inc. lifted its stake in Sabre by 2.6% during the first quarter.
Principal Financial Group Inc. now owns 1,922,397 shares of the information technology services provider’s stock valued at $5,402,000 after buying an additional 48,906 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Sabre during the first quarter valued at about $151,000.
Oppenheimer Asset Management Inc. boosted its holdings in shares of Sabre by 6.4% in the first quarter.
Oppenheimer Asset Management Inc. now owns 453,288 shares of the information technology services provider’s stock worth $1,274,000 after buying an additional 27,225 shares during the period. Finally, Bouvel Investment Partners LLC increased its position in shares of Sabre by 2,384.
3% in the first quarter. Bouvel Investment Partners LLC now owns 248,434 shares of the information technology services provider’s stock worth $698,000 after acquiring an additional 238,434 shares in the last quarter. Institutional investors and hedge funds own 89.
42% of the company’s stock. 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. Further Reading 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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