Sabre (NASDAQ:SABR) Sets New 1-Year High – Here’s What Happened

Sabre Corporation (NASDAQ:SABRGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $2.30 and last traded at $2.2550, with a volume of 340922 shares. The stock had previously closed at $2.26.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on SABR

Sabre Stock Down 1.5%

The stock has a fifty day moving average of $1.95 and a 200-day moving average of $1.69. The stock has a market cap of $897.97 million, a PE ratio of 1.35 and a beta of 0.97.

Sabre (NASDAQ:SABRGet Free Report) last issued its quarterly earnings results 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 analysts’ expectations of $697.40 million. Equities research analysts forecast that Sabre Corporation will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

Several large investors have recently modified their holdings of the stock. DGS Capital Management LLC acquired a new position in Sabre in the 1st quarter valued at $25,000. Wealthspire Retirement LLC acquired a new stake in shares of Sabre in the 1st quarter worth $25,000. Vise Technologies Inc. purchased a new stake in shares of Sabre in the second quarter valued at about $30,000. Allworth Financial LP purchased a new stake in shares of Sabre in the second quarter valued at about $31,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Sabre in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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

Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.