Sabre (NASDAQ:SABR) Trading Up 3.2% – Time to Buy?

Sabre Co. (NASDAQ:SABR) shot up 3.2% during mid-day trading on Friday . The company traded as high as $3.90 and last traded at $3.83. 731,206 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 4,375,151 shares. The stock had previously closed at $3.71.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a research report on Wednesday.

Sabre Price Performance

The company has a market capitalization of $1.43 billion, a P/E ratio of -4.70 and a beta of 1.74. The company has a fifty day simple moving average of $3.43 and a two-hundred day simple moving average of $3.13.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. During the same quarter in the previous year, the company earned ($0.10) EPS. Sabre’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Sabre Co. will post -0.3 earnings per share for the current year.

Institutional Trading of Sabre

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sabre during the 2nd quarter valued at about $26,000. Triangle Securities Wealth Management bought a new position in shares of Sabre during the 2nd quarter worth approximately $29,000. Wellington Wealth Strategies LLC. acquired a new stake in Sabre in the 2nd quarter valued at $32,000. International Assets Investment Management LLC raised its stake in Sabre by 267.0% during the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 6,582 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Sabre during the second quarter valued at $34,000. 89.42% of the stock is currently owned by institutional investors.

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.