Sabre (NASDAQ:SABR) Shares Up 8.9% – Here’s Why

Sabre Corporation (NASDAQ:SABR)’s share price shot up 8.9% during trading on Monday. The company traded as high as $1.66 and last traded at $1.6550. Approximately 14,010,301 shares traded hands during trading, an increase of 99% from the average daily volume of 7,027,120 shares. The stock had previously closed at $1.52.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SABR shares. Zacks Research downgraded Sabre from a “hold” rating to a “strong sell” rating in a research note on Monday. Citigroup reaffirmed a “buy” rating on shares of Sabre in a report on Thursday, August 27th. Finally, Weiss Ratings downgraded Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $1.75.

Sabre Stock Up 2.6%

The company has a 50 day simple moving average of $2.02 and a two-hundred day simple moving average of $1.73. The company has a market capitalization of $645.73 million, a P/E ratio of 0.97 and a beta of 1.06.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. As a group, research analysts expect that Sabre Corporation will post -0.25 EPS for the current fiscal year.

Institutional Trading of Sabre

Several institutional investors have recently added to or reduced their stakes in SABR. Sequoia Financial Advisors LLC purchased a new position in Sabre during the 2nd quarter valued at $69,000. Engineers Gate Manager LP bought a new position in Sabre in the 2nd quarter valued at $31,000. Squarepoint Ops LLC purchased a new stake in Sabre in the second quarter worth $492,000. Corient Private Wealth LP purchased a new stake in Sabre in the second quarter worth $62,000. Finally, AXQ Capital LP purchased a new stake in Sabre in the second quarter worth $283,000. Institutional investors own 89.42% of the company’s stock.

About Sabre

Sabre Corporation is a travel technology company that provides software, data, and marketplace services to airlines, hotels, travel agencies, corporations, and other participants in the global travel industry. Its platforms help customers search, shop, price, book, and manage travel content across air, lodging, and other travel products.

The company’s offerings include global distribution and travel marketplace capabilities, application programming interfaces, and tools such as the Sabre Red suite for travel agencies and travel sellers.