Sabre (NASDAQ:SABR) Shares Up 4.9% – Here’s Why

Sabre Corporation (NASDAQ:SABR)’s stock price traded up 4.9% on Wednesday . The stock traded as high as $1.41 and last traded at $1.4050. 989,329 shares traded hands during trading, a decline of 84% from the average session volume of 6,094,261 shares. The stock had previously closed at $1.34.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a research report on Monday. Wall Street Zen lowered shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Zacks Research raised shares of Sabre from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.80.

Sabre Stock Up 4.1%

The company’s 50-day simple moving average is $1.69 and its 200 day simple moving average is $2.11. The company has a market capitalization of $550.86 million, a P/E ratio of 1.13 and a beta of 1.07.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $715.18 million for the quarter, compared to analyst estimates of $715.32 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) earnings per share. As a group, equities research analysts forecast that Sabre Corporation will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in Sabre in the 3rd quarter worth approximately $32,000. Triangle Securities Wealth Management bought a new position in shares of Sabre in the second quarter valued at approximately $33,000. Park Avenue Securities LLC acquired a new stake in shares of Sabre in the second quarter worth $34,000. 626 Financial LLC bought a new stake in shares of Sabre during the 2nd quarter worth $35,000. Finally, Diligent Investors LLC bought a new stake in shares of Sabre during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

About Sabre

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.