Sabre (NASDAQ:SABR) Stock Price Up 4.9% – Time to Buy?

Sabre Corporation (NASDAQ:SABR)’s stock price shot up 4.9% during mid-day trading on Wednesday . The stock traded as high as $1.41 and last traded at $1.4050. 989,329 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 6,094,261 shares. The stock had previously closed at $1.34.

Wall Street Analyst Weigh In

A number of research firms recently commented on SABR. Zacks Research upgraded Sabre from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a research note on Monday. Finally, Wall Street Zen downgraded shares of Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Sabre currently has a consensus rating of “Hold” and an average target price of $3.80.

Sabre Stock Up 1.5%

The stock has a market capitalization of $537.05 million, a P/E ratio of 1.11 and a beta of 1.07. The company has a fifty day simple moving average of $1.66 and a two-hundred day simple moving average of $2.10.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $715.18 million during the quarter, compared to the consensus estimate of $715.32 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Sabre’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Sabre Corporation will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SABR. Discerene Group LP increased its stake in Sabre by 34.5% in the 3rd quarter. Discerene Group LP now owns 28,565,608 shares of the information technology services provider’s stock valued at $52,275,000 after buying an additional 7,323,272 shares during the last quarter. Par Capital Management Inc. boosted its stake in shares of 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 worth $61,146,000 after buying an additional 7,082,948 shares during the last quarter. Ninety One UK Ltd bought a new position in shares of Sabre in the 2nd quarter valued at about $15,644,000. Millennium Management LLC increased its position in shares of Sabre by 1,057.1% in the third quarter. Millennium Management LLC now owns 4,248,540 shares of the information technology services provider’s stock valued at $7,775,000 after acquiring an additional 3,881,379 shares during the last quarter. Finally, U S Global Investors Inc. increased its position in shares of Sabre by 54.0% in the third quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider’s stock valued at $15,915,000 after acquiring an additional 3,049,688 shares during the last quarter. Institutional investors own 89.42% of the company’s stock.

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.