Sabre (NASDAQ:SABR) Trading 6.4% Higher - Still a Buy?

Key Points

• Sabre shares rose 6.4% to $2.235 in Monday trading, although volume was 77% below the average session level.
• Analyst sentiment remains cautious: Weiss Ratings downgraded the stock to “sell,” while the consensus rating is “Reduce” with an average price target of $1.75.
• Sabre missed quarterly EPS estimates, reporting a loss of $0.17 per share versus expectations of $0.04, despite revenue of $711.96 million exceeding forecasts.

Shares of Sabre Corporation (NASDAQ:SABR - Get Free Report) rose 6.4% on Monday . The company traded as high as $2.23 and last traded at $2.2350. Approximately 1,669,547 shares traded hands during trading, a decline of 77% from the average session volume of 7,109,716 shares. The stock had previously closed at $2.10.

Analyst Ratings Changes

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

Sabre Price Performance

The stock's 50 day simple moving average is $1.94 and its two-hundred day simple moving average is $1.68. The stock has a market cap of $902.01 million, a price-to-earnings ratio of 1.35 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 for the quarter, compared to the consensus estimate of $697.40 million. As a group, analysts predict that Sabre Corporation will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC raised its holdings in Sabre by 22.6% in the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider's stock valued at $96,000 after acquiring an additional 5,617 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Sabre by 17.8% during the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider's stock worth $173,000 after acquiring an additional 8,262 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Sabre by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider's stock valued at $639,000 after purchasing an additional 9,923 shares during the last quarter. Empowered Funds LLC grew its position in shares of Sabre by 12.9% in the first quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider's stock valued at $258,000 after purchasing an additional 10,530 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Sabre by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,157,394 shares of the information technology services provider's stock worth $1,574,000 after purchasing an additional 10,742 shares during the period. 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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