Sabre (NASDAQ:SABR) Stock Price Up 8.9% – Time to Buy?

Sabre Corporation (NASDAQ:SABR)’s stock price was up 8.9% on Monday. The stock traded as high as $1.66 and last traded at $1.6550. Approximately 14,010,301 shares changed hands during mid-day trading, an increase of 99% from the average session volume of 7,027,120 shares. The stock had previously closed at $1.52.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Citigroup reaffirmed a “buy” rating on shares of Sabre in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1.75.

Sabre Stock Performance

The business has a fifty day simple moving average of $2.04 and a 200 day simple moving average of $1.90. The stock has a market capitalization of $659.85 million, a price-to-earnings ratio of 1.02 and a beta of 1.06.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The business had revenue of $711.96 million for the quarter, compared to analyst estimates of $697.40 million. On average, sell-side analysts forecast that Sabre Corporation will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

Several hedge funds have recently bought and sold shares of SABR. Legal & General Group Plc acquired a new stake in shares of Sabre in the 2nd quarter valued at approximately $1,254,000. BlackRock Inc. bought a new stake in shares of Sabre during the 2nd quarter valued at approximately $114,425,000. Bank of New York Mellon Corp acquired a new position in Sabre during the 2nd quarter worth approximately $4,184,000. Arini Capital Management Ltd acquired a new position in Sabre during the 2nd quarter worth approximately $81,719,000. Finally, Penn Capital Management Company LLC acquired a new position in Sabre during the 2nd quarter worth approximately $2,271,000. 89.42% of the stock is owned by institutional investors.

Sabre Company Profile

Sabre Corporation is a travel technology company that provides software, data, and marketplace services to airlines, hotels, travel agencies, corporations, and other participants in the global travel industry. Its platforms help customers search, shop, price, book, and manage travel content across air, lodging, and other travel products.

The company’s offerings include global distribution and travel marketplace capabilities, application programming interfaces, and tools such as the Sabre Red suite for travel agencies and travel sellers.