Sabre (NASDAQ:SABR) Trading Up 7.9% – Here’s What Happened

Sabre Corporation (NASDAQ:SABR)’s share price rose 7.9% on Friday . The stock traded as high as $1.31 and last traded at $1.3050. Approximately 4,256,857 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 4,932,658 shares. The stock had previously closed at $1.21.

Analysts Set New Price Targets

Several research firms have commented on SABR. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Zacks Research lowered shares of Sabre from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Finally, Wall Street Zen cut shares of Sabre from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $3.80.

Sabre Trading Up 9.5%

The firm has a 50 day moving average price of $1.43 and a 200 day moving average price of $1.86. The stock has a market capitalization of $523.23 million, a PE ratio of 1.08 and a beta of 1.07.

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

Institutional Investors Weigh In On Sabre

Several institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in shares of Sabre by 7.7% during the 2nd quarter. Bank of Montreal Can now owns 59,124 shares of the information technology services provider’s stock worth $187,000 after purchasing an additional 4,208 shares during the period. Cerity Partners LLC grew its holdings in Sabre by 22.6% during the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock worth $96,000 after acquiring an additional 5,617 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Sabre by 7.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,566 shares of the information technology services provider’s stock valued at $315,000 after purchasing an additional 7,228 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Sabre by 17.8% in the 2nd quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock valued at $173,000 after acquiring an additional 8,262 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Sabre by 17.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 61,329 shares of the information technology services provider’s stock worth $111,000 after purchasing an additional 9,187 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.