Sabre (NASDAQ:SABR) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Sabre Corporation (NASDAQ:SABR)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.68 and traded as high as $1.89. Sabre shares last traded at $1.84, with a volume of 4,995,539 shares trading hands.

Analysts Set New Price Targets

SABR has been the subject of a number of analyst reports. Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings raised Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Cantor Fitzgerald reissued a “neutral” rating and set a $2.00 price objective on shares of Sabre in a research note on Thursday, February 19th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $1.50 price objective on shares of Sabre in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $1.97.

Sabre Price Performance

The business has a 50 day moving average of $1.69 and a 200 day moving average of $1.50. The company has a market cap of $656.21 million, a PE ratio of 1.52 and a beta of 0.99.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $760.33 million during the quarter, compared to analysts’ expectations of $739.02 million. Sell-side analysts forecast that Sabre Corporation will post -0.13 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Discerene Group LP raised its holdings in Sabre by 34.9% in the fourth quarter. Discerene Group LP now owns 38,523,820 shares of the information technology services provider’s stock worth $52,392,000 after purchasing an additional 9,958,212 shares in the last quarter. Par Capital Management Inc. raised its holdings 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 purchasing an additional 7,082,948 shares in the last quarter. Cibc World Markets Corp bought a new position in Sabre in the fourth quarter worth $7,377,000. Ampfield Management L.P. bought a new position in Sabre in the first quarter worth $7,505,000. Finally, Stonehill Capital Management LLC bought a new position in Sabre in the fourth quarter worth $6,660,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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.