Sabre (NASDAQ:SABR) Trading Up 6.6% – Here’s Why

Sabre Corporation (NASDAQ:SABR)’s share price was up 6.6% during mid-day trading on Tuesday . The stock traded as high as $1.84 and last traded at $1.8550. Approximately 1,801,777 shares changed hands during trading, a decline of 78% from the average daily volume of 8,252,178 shares. The stock had previously closed at $1.74.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SABR shares. Cantor Fitzgerald restated a “neutral” rating and set a $2.00 price objective on shares of Sabre in a research report on Thursday, February 19th. Sanford C. Bernstein restated a “market perform” rating and set a $1.50 price objective on shares of Sabre in a research report on Tuesday, March 3rd. Finally, Weiss Ratings upgraded 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 company’s stock. According to MarketBeat.com, Sabre has a consensus rating of “Reduce” and an average price target of $1.97.

Sabre Stock Up 9.5%

The firm has a market capitalization of $753.07 million, a price-to-earnings ratio of 1.75 and a beta of 0.99. The business’s 50-day simple moving average is $1.72 and its two-hundred day simple moving average is $1.50.

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

Institutional Investors Weigh In On Sabre

Institutional investors have recently made changes to their positions in the stock. DGS Capital Management LLC acquired a new stake in shares of Sabre during the first quarter valued at about $25,000. Wealthspire Retirement LLC acquired a new position in shares of Sabre in the first quarter valued at approximately $25,000. Oak Thistle LLC acquired a new position in shares of Sabre in the fourth quarter valued at approximately $27,000. GSA Capital Partners LLP acquired a new position in shares of Sabre in the third quarter valued at approximately $32,000. Finally, Diligent Investors LLC acquired a new position in shares of Sabre in the third quarter valued at approximately $35,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

About Sabre

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.