Shares of Sabre Corporation (NASDAQ:SABR - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $2.2950 and last traded at $2.2050, with a volume of 422404 shares traded. The stock had previously closed at $2.24.
Key Sabre News
Here are the key news stories impacting Sabre this week:
- Positive Sentiment: Revenue exceeded expectations: Second-quarter revenue was $711.96 million, above analysts’ $697.40 million estimate. Sabre: Q2 Earnings Snapshot
- Positive Sentiment: Air distribution bookings beat forecasts: Sabre said air distribution bookings surpassed second-quarter expectations, signaling resilient travel demand and supporting its core distribution business. Sabre's air distribution bookings surpass Q2 expectations
- Positive Sentiment: Constructive profitability outlook: Management anticipates approximately $600 million in 2026 pro forma adjusted EBITDA, providing investors with a clearer earnings target and potential support for the stock’s recent strength. Sabre anticipates approximately $600 million 2026 pro forma adjusted EBITDA
- Neutral Sentiment: AI spending is increasing: Sabre plans to invest more in artificial intelligence, which could improve products and long-term competitiveness but may weigh on near-term expenses and cash flow. Sabre increases AI investment
- Negative Sentiment: EPS missed estimates significantly: Sabre reported a second-quarter loss of $0.17 per share, compared with the consensus estimate of a $0.07 loss and a $0.02 loss a year earlier. The earnings shortfall is likely limiting the stock’s upside despite the revenue and booking beats. Sabre reports Q2 loss and beats revenue estimates
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Sabre from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 2nd. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Sabre has a consensus rating of "Reduce" and an average price target of $1.97.
Read Our Latest Stock Analysis on Sabre
Sabre Price Performance
The firm's 50 day simple moving average is $1.86 and its two-hundred day simple moving average is $1.62. The firm has a market capitalization of $836.08 million, a P/E ratio of 1.93 and a beta of 0.97.
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 analysts' consensus estimates of ($0.04) by ($0.13). The firm had revenue of $711.96 million during the quarter, compared to analysts' expectations of $697.40 million. As a group, equities research analysts forecast that Sabre Corporation will post -0.13 EPS for the current year.
Hedge Funds Weigh In On Sabre
A number of large investors have recently bought and sold shares of the stock. Discerene Group LP raised its holdings in Sabre by 34.9% during the 4th quarter. Discerene Group LP now owns 38,523,820 shares of the information technology services provider's stock valued at $52,392,000 after buying an additional 9,958,212 shares during the last quarter. Par Capital Management Inc. boosted its position in 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 valued at $61,146,000 after buying an additional 7,082,948 shares during the period. Cibc World Markets Corp bought a new stake in Sabre in the 4th quarter worth $7,377,000. Ampfield Management L.P. bought a new stake in Sabre in the 1st quarter worth $7,505,000. Finally, Stonehill Capital Management LLC purchased a new position in shares of Sabre in the fourth quarter valued at about $6,660,000. 89.42% of the stock is owned by hedge funds and other institutional investors.
About Sabre
(
Get Free Report)
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.
Further Reading
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