Sabre (NASDAQ:SABR) Trading 9% Higher – Should You Buy?

Shares of Sabre Corporation (NASDAQ:SABR) were up 9% on Tuesday . The stock traded as high as $1.67 and last traded at $1.6950. Approximately 1,426,944 shares were traded during trading, a decline of 87% from the average daily volume of 11,144,521 shares. The stock had previously closed at $1.5550.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $2.00 price objective on shares of Sabre in a research report on Thursday, February 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $1.50 target price on shares of Sabre in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $2.35.

Sabre Stock Up 8.4%

The business has a 50-day simple moving average of $1.29 and a 200-day simple moving average of $1.57. The company has a market cap of $665.86 million, a PE ratio of 1.45 and a beta of 1.02.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Wednesday, February 18th. The information technology services provider reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The business had revenue of $666.53 million during the quarter, compared to analysts’ expectations of $654.08 million. On average, research analysts forecast that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Oak Thistle LLC acquired a new position in Sabre in the 4th quarter valued at $27,000. GSA Capital Partners LLP purchased a new stake in shares of Sabre during the 3rd quarter valued at approximately $32,000. Diligent Investors LLC acquired a new position in Sabre in the third quarter valued at approximately $35,000. Caprock Group LLC acquired a new stake in Sabre during the third quarter worth $43,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Sabre by 970.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 22,361 shares during the last quarter. Hedge funds and other institutional investors 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.