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

Shares of Sabre Corporation (NASDAQ:SABR) were up 7.8% during mid-day trading on Monday . The company traded as high as $2.05 and last traded at $1.9950. 620,275 shares traded hands during 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 Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sabre has a consensus rating of “Reduce” and a consensus target price of $1.97.

Sabre Price Performance

The company has a market cap of $838.06 million, a PE ratio of 1.94 and a beta of 0.97. The company has a 50-day moving average price of $1.84 and a two-hundred day moving average price of $1.60.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Discerene Group LP grew its holdings in Sabre by 1.5% during the 1st quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock valued at $56,686,000 after purchasing an additional 569,711 shares in the last quarter. Par Capital Management Inc. lifted its holdings in Sabre by 57.7% in the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock worth $61,146,000 after buying an additional 7,082,948 shares in the last quarter. State Street Corp boosted its position in Sabre by 2.4% in the 4th quarter. State Street Corp now owns 14,813,630 shares of the information technology services provider’s stock valued at $20,147,000 after buying an additional 343,209 shares during the last quarter. U S Global Investors Inc. boosted its position in Sabre by 17.0% in the 4th 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 buying an additional 1,477,143 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Sabre by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,273,047 shares of the information technology services provider’s stock valued at $12,614,000 after buying an additional 197,433 shares during the last quarter. 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.