Sabre (NASDAQ:SABR) Trading 6.6% Higher – Time to Buy?

Sabre Corporation (NASDAQ:SABR) shares rose 6.6% during trading on Tuesday . The company traded as high as $1.84 and last traded at $1.8550. 1,801,777 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 8,252,178 shares. The stock had previously closed at $1.74.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SABR. Weiss Ratings raised shares of Sabre from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $2.00 price target on shares of Sabre in a report on Thursday, February 19th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $1.50 price target on shares of Sabre in a research report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $1.97.

Sabre Stock Performance

The firm has a fifty day simple moving average of $1.73 and a 200-day simple moving average of $1.50. The firm has a market cap of $753.07 million, a price-to-earnings ratio of 1.75 and a beta of 0.99.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $760.33 million during the quarter, compared to analyst estimates of $739.02 million. Analysts expect that Sabre Corporation will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SABR. DGS Capital Management LLC bought a new stake in shares of Sabre during the first quarter worth approximately $25,000. Wealthspire Retirement LLC acquired a new stake in Sabre during the 1st quarter worth approximately $25,000. GSA Capital Partners LLP acquired a new stake in Sabre during the 3rd quarter worth approximately $32,000. Diligent Investors LLC bought a new stake in Sabre in the 3rd quarter valued at $35,000. Finally, Oak Thistle LLC bought a new stake in Sabre in the 4th quarter valued at $27,000. 89.42% of the stock is owned by institutional investors.

Sabre Company Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.