Shares of Sabre Corporation (NASDAQ:SABR – Get Free Report) rose 6.6% on Tuesday . The company traded as high as $1.84 and last traded at $1.8550. Approximately 1,801,777 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 8,252,178 shares. The stock had previously closed at $1.74.
Wall Street Analyst Weigh In
SABR has been the subject of a number of research reports. Cantor Fitzgerald restated a “neutral” rating and issued a $2.00 price objective on shares of Sabre in a report on Thursday, February 19th. Weiss Ratings upgraded shares of Sabre from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $1.50 price objective on shares of Sabre in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $1.97.
Get Our Latest Stock Report on Sabre
Sabre Price Performance
Sabre (NASDAQ:SABR – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $760.33 million during the quarter, compared to analysts’ expectations of $739.02 million. As a group, sell-side analysts predict that Sabre Corporation will post -0.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC purchased a new stake in shares of Sabre during the 1st quarter worth approximately $25,000. Wealthspire Retirement LLC purchased a new stake in shares of Sabre during the 1st quarter worth approximately $25,000. GSA Capital Partners LLP purchased a new stake in shares of Sabre during the 3rd quarter worth approximately $32,000. Diligent Investors LLC purchased a new stake in shares of Sabre during the 3rd quarter worth approximately $35,000. Finally, Oak Thistle LLC purchased a new stake in shares of Sabre during the 4th quarter worth approximately $27,000. Hedge funds and other 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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