Sabre (NASDAQ:SABR) Sets New 12-Month High - Time to Buy?

Key Points

• Sabre shares reached a new 52-week high, trading as high as $2.35 and closing around $2.32, an 11% increase from the prior close. The stock remains above its 50-day and 200-day moving averages.
• Analyst sentiment is mixed: Citigroup maintained a “Buy” rating, while Weiss Ratings downgraded the stock to “Sell.” Overall, Sabre has a consensus “Hold” rating and a $1.75 target price, below its recent trading level.
• Sabre’s latest quarterly results missed earnings expectations, reporting a loss of $0.17 per share versus a projected loss of $0.04, although revenue exceeded estimates. Institutional investors own approximately 89.4% of the company.

Sabre Corporation (NASDAQ:SABR - Get Free Report)'s stock price reached a new 52-week high 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

Several brokerages recently commented on SABR. Weiss Ratings downgraded shares of Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Citigroup reissued a "buy" rating on shares of Sabre in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sabre presently has an average rating of "Hold" and a consensus target price of $1.75.

Sabre Trading Up 11.0%

The business has a fifty day moving average of $2.01 and a 200-day moving average of $1.82. The company has a market cap of $936.31 million, a PE ratio of 1.41 and a beta of 1.00.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The business had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. As a group, research analysts predict that Sabre Corporation will post -0.21 EPS for the current year.

Institutional Trading of Sabre

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new position in Sabre during the 2nd quarter valued at $69,000. Engineers Gate Manager LP purchased a new stake in shares of Sabre in the 2nd quarter worth about $31,000. Squarepoint Ops LLC purchased a new stake in shares of Sabre in the 2nd quarter worth about $492,000. Corient Private Wealth LP bought a new stake in shares of Sabre during the 2nd quarter valued at about $62,000. Finally, AXQ Capital LP bought a new stake in shares of Sabre during the 2nd quarter valued at about $283,000. Hedge funds and other institutional investors own 89.42% of the company's stock.

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.

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