Sabre (NASDAQ:SABR) Shares Up 9% – Should You Buy?

Shares of Sabre Corporation (NASDAQ:SABR) rose 9% on Tuesday . The stock traded as high as $1.67 and last traded at $1.6950. Approximately 1,426,944 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 11,144,521 shares. The stock had previously closed at $1.5550.

Analysts Set New Price Targets

Several brokerages have issued reports on SABR. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $2.00 price target on shares of Sabre in a research note on Thursday, February 19th. Sanford C. Bernstein reiterated 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 restated a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $2.35.

Sabre Stock Performance

The company’s 50-day simple moving average is $1.30 and its two-hundred day simple moving average is $1.57. The firm has a market cap of $580.90 million, a PE ratio of 1.27 and a beta of 1.02.

Sabre (NASDAQ:SABR) last posted its earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. The firm had revenue of $666.53 million for the quarter, compared to analysts’ expectations of $654.08 million. On average, analysts expect that Sabre Corporation will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SABR. Discerene Group LP increased its position in shares of Sabre by 34.9% during the fourth quarter. Discerene Group LP now owns 38,523,820 shares of the information technology services provider’s stock valued at $52,392,000 after buying an additional 9,958,212 shares during the period. Par Capital Management Inc. boosted its position in Sabre by 57.7% during the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock valued at $61,146,000 after acquiring an additional 7,082,948 shares in the last quarter. State Street Corp boosted its position in shares of Sabre by 2.4% during the fourth quarter. State Street Corp now owns 14,813,630 shares of the information technology services provider’s stock valued at $20,147,000 after purchasing an additional 343,209 shares in the last quarter. U S Global Investors Inc. boosted its position in shares of Sabre by 17.0% during 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 in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Sabre by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,273,047 shares of the information technology services provider’s stock worth $12,614,000 after purchasing an additional 197,433 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.

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.