Sabre (NASDAQ:SABR) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Sabre Corporation (NASDAQ:SABR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.74 and traded as high as $1.81. Sabre shares last traded at $1.80, with a volume of 10,759,287 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently commented on SABR. Zacks Research cut shares of Sabre from a "hold" rating to a "strong sell" rating in a research note on Monday, October 26th. Weiss Ratings downgraded shares of Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Finally, Citigroup restated a "buy" rating on shares of Sabre in a research report on Thursday, August 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Sabre has a consensus rating of "Reduce" and a consensus price target of $1.75.

Sabre Stock Performance

The business has a fifty day simple moving average of $1.93 and a 200 day simple moving average of $1.74. The stock has a market cap of $726.44 million, a price-to-earnings ratio of -4.62 and a beta of 1.18.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The information technology services provider reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.09. The company had revenue of $738.43 million during the quarter, compared to analyst estimates of $731.81 million. On average, equities research analysts anticipate that Sabre Corporation will post -0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Sabre during the 2nd quarter worth about $114,425,000. Arini Capital Management Ltd acquired a new position in shares of Sabre in the second quarter valued at approximately $81,719,000. Discerene Group LP lifted its stake in shares of Sabre by 1.5% during the first quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider's stock valued at $56,686,000 after buying an additional 569,711 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Sabre during the second quarter valued at approximately $4,184,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Sabre by 2.1% during the first quarter. Principal Financial Group Inc. now owns 1,921,514 shares of the information technology services provider's stock valued at $2,786,000 after buying an additional 38,802 shares during the period. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

About Sabre

Sabre Corporation is a travel technology company that provides software, data, and marketplace services to airlines, hotels, travel agencies, corporations, and other participants in the global travel industry. Its platforms help customers search, shop, price, book, and manage travel content across air, lodging, and other travel products.

The company's offerings include global distribution and travel marketplace capabilities, application programming interfaces, and tools such as the Sabre Red suite for travel agencies and travel sellers.

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