Sabre (NASDAQ:SABR) Stock Price Up 6.3% – Time to Buy?

Sabre Co. (NASDAQ:SABR) shares rose 6.3% on Friday . The company traded as high as $3.91 and last traded at $3.91. Approximately 2,210,026 shares changed hands during trading, a decline of 49% from the average daily volume of 4,301,519 shares. The stock had previously closed at $3.68.

Sabre Trading Up 8.4 %

The company’s 50-day simple moving average is $3.28 and its 200-day simple moving average is $3.05. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -2.75 and a beta of 1.73.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $767.20 million during the quarter, compared to analyst estimates of $752.54 million. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.20) earnings per share. On average, equities research analysts expect that Sabre Co. will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Roshan Mendis purchased 19,230 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $3.08 per share, for a total transaction of $59,228.40. Following the acquisition, the executive vice president now owns 776,966 shares in the company, valued at $2,393,055.28. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Sabre

Large investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in Sabre by 4.4% during the second quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock valued at $206,000 after acquiring an additional 3,270 shares during the last quarter. Xponance Inc. boosted its position in shares of Sabre by 15.5% during the 2nd quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 3,689 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Sabre by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock worth $513,000 after purchasing an additional 4,300 shares during the period. ProShare Advisors LLC increased its holdings in Sabre by 7.2% in the first quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after purchasing an additional 4,580 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Sabre by 5.6% in the first quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider’s stock valued at $238,000 after buying an additional 5,225 shares during the period. 89.42% of the stock is currently owned by institutional investors and hedge funds.

About Sabre

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.