Sabre (NASDAQ:SABR) Stock Price Up 4.7% – Time to Buy?

Sabre Corporation (NASDAQ:SABR) traded up 4.7% on Friday . The company traded as high as $1.67 and last traded at $1.6550. 892,796 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 8,708,400 shares. The stock had previously closed at $1.58.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings raised shares of Sabre from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Sanford C. Bernstein reissued a “market perform” rating and set a $1.50 target price on shares of Sabre in a report on Tuesday, March 3rd. Zacks Research raised shares of Sabre from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $2.00 target price on shares of Sabre in a report on Thursday, February 19th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $1.97.

Sabre Stock Performance

The business’s 50-day moving average price is $1.66 and its 200 day moving average price is $1.52. The stock has a market capitalization of $656.61 million, a PE ratio of 1.53 and a beta of 1.01.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $760.33 million for the quarter, compared to analysts’ expectations of $739.02 million. As a group, equities research analysts predict that Sabre Corporation will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Discerene Group LP grew its position in Sabre by 1.5% in the first quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock worth $56,686,000 after acquiring an additional 569,711 shares in the last quarter. Par Capital Management Inc. grew its position in Sabre by 57.7% in the second quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock worth $61,146,000 after acquiring an additional 7,082,948 shares in the last quarter. State Street Corp grew its position in Sabre by 2.4% in the fourth quarter. State Street Corp now owns 14,813,630 shares of the information technology services provider’s stock worth $20,147,000 after acquiring an additional 343,209 shares in the last quarter. U S Global Investors Inc. grew its position in Sabre by 17.0% in the fourth quarter. U S Global Investors Inc. now owns 10,173,592 shares of the information technology services provider’s stock worth $13,836,000 after acquiring an additional 1,477,143 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Sabre by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,273,047 shares of the information technology services provider’s stock worth $12,614,000 after acquiring an additional 197,433 shares in the last quarter. 89.42% of the stock is currently owned by hedge funds and other 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.