Sabre (NASDAQ:SABR) Trading 8.9% Higher – Still a Buy?

Sabre Corporation (NASDAQ:SABR) rose 8.9% during mid-day trading on Wednesday . The company traded as high as $1.87 and last traded at $1.9050. Approximately 617,463 shares were traded during trading, a decline of 92% from the average session volume of 8,193,203 shares. The stock had previously closed at $1.75.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Sanford C. Bernstein reiterated a “market perform” rating and issued a $1.50 target price on shares of Sabre in a research note on Tuesday, March 3rd. Weiss Ratings raised shares of Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Sabre currently has a consensus rating of “Reduce” and an average price target of $1.97.

Sabre Trading Up 11.1%

The firm has a fifty day moving average of $1.76 and a two-hundred day moving average of $1.51. The company has a market cap of $768.88 million, a PE ratio of 1.79 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 business had revenue of $760.33 million for the quarter, compared to analysts’ expectations of $739.02 million. Sell-side analysts expect that Sabre Corporation will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cerity Partners LLC grew its stake in Sabre by 22.6% in the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock valued at $96,000 after buying an additional 5,617 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Sabre by 17.8% during the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock worth $173,000 after acquiring an additional 8,262 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sabre by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock worth $639,000 after acquiring an additional 9,923 shares during the period. Empowered Funds LLC boosted its holdings in shares of Sabre by 12.9% in the first quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider’s stock worth $258,000 after acquiring an additional 10,530 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Sabre by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,157,394 shares of the information technology services provider’s stock valued at $1,574,000 after purchasing an additional 10,742 shares in the last quarter. 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.