Sabre (NASDAQ:SABR) Stock Price Up 6.4% – Still a Buy?

Sabre Corporation (NASDAQ:SABR) was up 6.4% during trading on Monday . The company traded as high as $2.23 and last traded at $2.2350. 1,669,547 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 7,109,716 shares. The stock had previously closed at $2.10.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $1.75.

Sabre Stock Performance

The stock’s fifty day simple moving average is $1.94 and its 200-day simple moving average is $1.68. The stock has a market cap of $902.01 million, a P/E ratio of 1.35 and a beta of 0.97.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $711.96 million for the quarter, compared to the consensus estimate of $697.40 million. As a group, equities research analysts forecast that Sabre Corporation will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SABR. Royal Bank of Canada increased its position in shares of Sabre by 46.9% in the first quarter. Royal Bank of Canada now owns 174,893 shares of the information technology services provider’s stock worth $491,000 after purchasing an additional 55,840 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sabre by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock valued at $639,000 after buying an additional 9,923 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sabre in the 1st quarter valued at approximately $140,000. Jones Financial Companies Lllp lifted its holdings in shares of Sabre by 265.7% during the 1st quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider’s stock worth $806,000 after acquiring an additional 208,371 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Sabre during the 1st quarter worth approximately $80,000. 89.42% of the stock is owned by institutional investors and hedge funds.

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.