Sabre (NASDAQ:SABR) Trading Up 8.9% – Time to Buy?

Sabre Corporation (NASDAQ:SABR) shares were up 8.9% during mid-day trading on Wednesday . The company traded as high as $2.23 and last traded at $2.2750. Approximately 415,836 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 6,872,431 shares. The stock had previously closed at $2.09.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SABR. Citigroup reissued a “buy” rating on shares of Sabre in a report on Thursday, August 27th. Weiss Ratings cut shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1.75.

Sabre Price Performance

The firm has a market capitalization of $936.31 million, a P/E ratio of 1.41 and a beta of 1.00. The business’s 50-day moving average is $2.02 and its 200 day moving average is $1.83.

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 analysts’ consensus estimates of ($0.04) by ($0.13). The business had revenue of $711.96 million for the quarter, compared to analysts’ expectations of $697.40 million. Analysts anticipate that Sabre Corporation will post -0.21 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of institutional investors have recently modified their holdings of the stock. Vise Technologies Inc. bought a new stake in Sabre during the second quarter worth about $30,000. Engineers Gate Manager LP bought a new stake in shares of Sabre during the 2nd quarter worth approximately $31,000. Allworth Financial LP bought a new stake in shares of Sabre during the 2nd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sabre during the 2nd quarter worth approximately $32,000. Finally, DGS Capital Management LLC bought a new position in Sabre in the first quarter valued at approximately $25,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Company Profile

Sabre Corporation is a travel technology company that provides software, distribution, and data solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, and other travel suppliers, helping them market, sell, and manage travel services.

The company’s products and services include the Sabre Travel Marketplace, a global distribution system that enables travel buyers to search and book air, hotel, car rental, rail, and other travel content.