Sabre (NASDAQ:SABR) Sets New 1-Year High – Here’s Why

Sabre Corporation (NASDAQ:SABR) reached a new 52-week high during trading on Thursday . The company traded as high as $2.35 and last traded at $2.32, with a volume of 9160448 shares trading hands. The stock had previously closed at $2.09.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SABR shares. Citigroup restated a “buy” rating on shares of Sabre in a research note on Thursday, August 27th. Weiss Ratings lowered Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1.75.

Sabre Trading Down 2.6%

The company has a market capitalization of $912.09 million, a P/E ratio of 1.37 and a beta of 1.00. The firm’s 50 day moving average price is $2.03 and its two-hundred day moving average price is $1.83.

Sabre (NASDAQ:SABR) last released its quarterly 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 company had revenue of $711.96 million for the quarter, compared to analyst estimates of $697.40 million. Analysts anticipate that Sabre Corporation will post -0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

Several institutional investors have recently added to or reduced their stakes in the business. Vise Technologies Inc. bought a new position in Sabre in the 2nd quarter worth about $30,000. Engineers Gate Manager LP purchased a new stake in Sabre during the second quarter valued at about $31,000. Allworth Financial LP bought a new stake in Sabre during the second quarter worth about $31,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Sabre in the 2nd quarter worth about $32,000. Finally, DGS Capital Management LLC bought a new position in shares of Sabre during the 1st quarter valued at about $25,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Company Profile

Sabre Corporation is a travel technology company that provides software, distribution, and data solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, and other travel suppliers, helping them market, sell, and manage travel services.

The company’s products and services include the Sabre Travel Marketplace, a global distribution system that enables travel buyers to search and book air, hotel, car rental, rail, and other travel content.