Sabre Corporation (NASDAQ:SABR – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.74 and traded as high as $1.81. Sabre shares last traded at $1.80, with a volume of 10,759,287 shares changing hands.
Analysts Set New Price Targets
A number of research analysts have issued reports on SABR shares. Citigroup reissued a “buy” rating on shares of Sabre in a research note on Thursday, August 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a research note on Wednesday, November 4th. Finally, Zacks Research lowered shares of Sabre from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $1.75.
Get Our Latest Stock Report on Sabre
Sabre Stock Performance
The stock has a 50-day simple moving average of $1.92 and a 200-day simple moving average of $1.75.
Sabre (NASDAQ:SABR – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The information technology services provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The company had revenue of $738.43 million for the quarter, compared to the consensus estimate of $731.81 million. Sell-side analysts expect that Sabre Corporation will post -0.25 earnings per share for the current fiscal year.
Institutional Trading of Sabre
A number of hedge funds and other institutional investors have recently made changes to their positions in SABR. Public Sector Pension Investment Board boosted its holdings in Sabre by 1.6% during the third quarter. Public Sector Pension Investment Board now owns 1,376,854 shares of the information technology services provider’s stock worth $2,919,000 after buying an additional 21,848 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Sabre by 28.4% in the third quarter. Maryland State Retirement & Pension System now owns 73,838 shares of the information technology services provider’s stock valued at $157,000 after buying an additional 16,352 shares in the last quarter. StoneX Group Inc. bought a new position in shares of Sabre in the third quarter valued at $33,000. Abacus Wealth Partners LLC increased its holdings in shares of Sabre by 739.9% in the third quarter. Abacus Wealth Partners LLC now owns 113,932 shares of the information technology services provider’s stock valued at $242,000 after buying an additional 100,367 shares in the last quarter. Finally, Hikari Power Ltd acquired a new stake in shares of Sabre during the 3rd quarter valued at $129,000. 89.42% of the stock is currently owned by institutional investors.
About Sabre
Sabre Corporation is a travel technology company that operates a global marketplace connecting travel suppliers, including airlines and hotels, with travel agencies and other buyers. Its platform supports the search, booking, and management of travel services. The company also provides software used by airlines and hospitality businesses to manage operations and customer services. Its products include airline reservation and operations systems, hotel technology, and tools for travel agencies to shop for and book travel.
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