Sabre (NASDAQ:SABR) Stock Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Sabre shares crossed above their 50-day moving average, reaching $2.16 before last trading at $2.10, compared with a 50-day average of $2.09.
• Analysts maintain a consensus “Hold” rating with a $1.75 price target; ratings include one Buy, three Holds, and one Sell.
• Sabre reported a quarterly EPS loss of $0.17, missing the $0.04-loss estimate, although revenue of $711.96 million exceeded expectations. Institutional investors own 89.42% of the company.

Sabre Corporation (NASDAQ:SABR - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $2.09 and traded as high as $2.16. Sabre shares last traded at $2.10, with a volume of 4,854,536 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SABR shares. Citigroup reiterated a "buy" rating on shares of Sabre in a report on Thursday, August 27th. Weiss Ratings cut Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $1.75.

Sabre Stock Down 3.7%

The stock has a market cap of $847.52 million, a P/E ratio of 1.27 and a beta of 1.00. The company's 50 day moving average price is $2.09 and its two-hundred day moving average price is $1.86.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $697.40 million. As a group, equities research analysts forecast that Sabre Corporation will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Sabre during the second quarter valued at $69,000. Engineers Gate Manager LP purchased a new stake in Sabre in the second quarter worth about $31,000. Squarepoint Ops LLC bought a new position in Sabre during the 2nd quarter worth about $492,000. Corient Private Wealth LP bought a new position in Sabre during the 2nd quarter worth about $62,000. Finally, AXQ Capital LP purchased a new position in Sabre during the 2nd quarter valued at about $283,000. 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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