Sabre (NASDAQ:SABR) Shares Up 7.8% – Still a Buy?

Sabre Corporation (NASDAQ:SABR)’s stock price shot up 7.8% on Monday . The stock traded as high as $2.05 and last traded at $1.9950. Approximately 620,275 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 7,390,159 shares. The stock had previously closed at $1.85.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $1.97.

Sabre Trading Up 6.2%

The business has a fifty day moving average price of $1.82 and a two-hundred day moving average price of $1.59. The firm has a market capitalization of $776.79 million, a PE ratio of 1.80 and a beta of 0.96.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $760.33 million during the quarter, compared to analysts’ expectations of $739.02 million. On average, equities analysts forecast that Sabre Corporation will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

Several large investors have recently made changes to their positions in SABR. U S Global Investors Inc. raised its position in Sabre by 17.0% in the fourth quarter. U S Global Investors Inc. now owns 10,173,592 shares of the information technology services provider’s stock valued at $13,836,000 after purchasing an additional 1,477,143 shares during the period. Simon Quick Advisors LLC purchased a new position in shares of Sabre during the fourth quarter worth $1,326,000. Mizuho Markets Americas LLC acquired a new stake in shares of Sabre in the fourth quarter valued at $2,720,000. Graham Capital Management L.P. purchased a new stake in shares of Sabre in the 4th quarter valued at $6,054,000. Finally, Ampfield Management L.P. acquired a new position in Sabre during the 1st quarter worth about $7,505,000. 89.42% of the stock is currently 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.