Sabre (NASDAQ:SABR) Sets New 1-Year High - Here's What Happened

Key Points

• Sabre shares reached a new 52-week high of $2.30 during Tuesday trading, although they were last at $2.2550 and had previously closed at $2.26.
• Analyst sentiment remains cautious: Weiss Ratings downgraded the stock to “sell,” while the broader analyst consensus is “Reduce” with an average price target of $1.75.
• Sabre reported a quarterly loss of $0.17 per share, missing the $0.04 loss expected by analysts, despite revenue of $711.96 million exceeding the $697.40 million consensus estimate.

Sabre Corporation (NASDAQ:SABR - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $2.30 and last traded at $2.2550, with a volume of 340922 shares. The stock had previously closed at $2.26.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $1.75.

Sabre Stock Down 1.5%

The stock has a fifty day moving average of $1.95 and a 200-day moving average of $1.69. The stock has a market cap of $897.97 million, a PE ratio of 1.35 and a beta of 0.97.

Sabre (NASDAQ:SABR - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The company had revenue of $711.96 million during the quarter, compared to analysts' expectations of $697.40 million. Equities research analysts forecast that Sabre Corporation will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

Several large investors have recently modified their holdings of the stock. DGS Capital Management LLC acquired a new position in Sabre in the 1st quarter valued at $25,000. Wealthspire Retirement LLC acquired a new stake in shares of Sabre in the 1st quarter worth $25,000. Vise Technologies Inc. purchased a new stake in shares of Sabre in the second quarter valued at about $30,000. Allworth Financial LP purchased a new stake in shares of Sabre in the second quarter valued at about $31,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Sabre in the second quarter valued at about $32,000. Hedge funds and other 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.

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