Sabre (NASDAQ:SABR) Trading Up 12% - Still a Buy?

Key Points

• Sabre Corporation saw its share price increase by 12%, reaching a trading high of $2.10 amid low trading volume of approximately 3.5 million shares.
• Recent analyst ratings for Sabre include downgrades from Morgan Stanley and Rothschild & Co Redburn, while Sanford C. Bernstein upgraded its rating to "outperform," with a consensus target price of $3.80.
• The company's latest quarterly earnings reflected a loss of ($0.02) EPS with revenues falling short of analysts' expectations, contributing to a year-over-year revenue decline of 1.1%.

Sabre Corporation (NASDAQ:SABR - Get Free Report)'s share price rose 12% during trading on Wednesday . The company traded as high as $1.99 and last traded at $2.10. Approximately 3,502,023 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 5,977,617 shares. The stock had previously closed at $1.87.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley restated a "reduce" rating on shares of Sabre in a research note on Sunday, August 10th. Sanford C. Bernstein upgraded Sabre from a "market perform" rating to an "outperform" rating and dropped their target price for the company from $4.00 to $3.00 in a research report on Monday, August 11th. Rothschild & Co Redburn lowered Sabre from a "buy" rating to a "neutral" rating and set a $2.40 target price on the stock. in a research report on Friday, August 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sabre in a research report on Wednesday, October 8th. Finally, Redburn Atlantic lowered Sabre from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Sabre has an average rating of "Hold" and a consensus target price of $3.80.

Sabre Stock Performance

The company has a 50 day moving average of $1.81 and a 200 day moving average of $2.39. The stock has a market capitalization of $850.18 million, a price-to-earnings ratio of -2.38 and a beta of 1.52.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported ($0.02) EPS for the quarter. The company had revenue of $687.15 million during the quarter, compared to analysts' expectations of $718.16 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The business's revenue was down 1.1% compared to the same quarter last year. On average, equities analysts predict that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Sabre by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 41,795,327 shares of the information technology services provider's stock worth $117,445,000 after acquiring an additional 936,578 shares during the last quarter. Discerene Group LP increased its stake in shares of Sabre by 11.2% in the 2nd quarter. Discerene Group LP now owns 21,242,336 shares of the information technology services provider's stock worth $67,126,000 after acquiring an additional 2,132,064 shares during the last quarter. Par Capital Management Inc. increased its stake in shares of Sabre by 57.7% in the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider's stock worth $61,146,000 after acquiring an additional 7,082,948 shares during the last quarter. Erste Asset Management GmbH increased its stake in shares of Sabre by 10.1% in the 1st quarter. Erste Asset Management GmbH now owns 10,869,429 shares of the information technology services provider's stock worth $30,436,000 after acquiring an additional 1,000,000 shares during the last quarter. Finally, U S Global Investors Inc. increased its stake in shares of Sabre by 54.0% in the 3rd quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider's stock worth $15,915,000 after acquiring an additional 3,049,688 shares during the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Company Profile

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.

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