Sabre (NASDAQ:SABR) Trading 9.5% Higher – Should You Buy?

Sabre Corporation (NASDAQ:SABR)’s stock price was up 9.5% on Monday . The company traded as high as $1.8177 and last traded at $1.8177. 202,037 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 7,548,461 shares. The stock had previously closed at $1.66.

Analysts Set New Price Targets

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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $1.97.

Sabre Stock Up 8.1%

The firm has a market capitalization of $709.58 million, a PE ratio of 1.65 and a beta of 0.96. The stock has a 50-day simple moving average of $1.80 and a 200-day simple moving average of $1.58.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $760.33 million for the quarter, compared to analysts’ expectations of $739.02 million. 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 modified their holdings of SABR. DGS Capital Management LLC bought a new stake in shares of Sabre in the first quarter valued at approximately $25,000. Wealthspire Retirement LLC bought a new position in Sabre in the 1st quarter worth approximately $25,000. Diligent Investors LLC purchased a new position in Sabre in the 3rd quarter valued at approximately $35,000. Oak Thistle LLC purchased a new position in Sabre in the 4th quarter valued at approximately $27,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Sabre by 970.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider’s stock valued at $45,000 after acquiring an additional 22,361 shares during the period. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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.