Sabre (NASDAQ:SABR) Sets New 1-Year Low – Time to Sell?

Sabre Corporation (NASDAQ:SABR)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $1.52 and last traded at $1.5150, with a volume of 2460124 shares trading hands. The stock had previously closed at $1.63.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a report on Monday. Wall Street Zen lowered Sabre from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Redburn Atlantic cut shares of Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Rothschild & Co Redburn downgraded Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price target for the company. in a research note on Friday, August 15th. Finally, Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.80.

Sabre Trading Up 2.0%

The firm has a 50-day moving average of $1.79 and a two-hundred day moving average of $2.23. The firm has a market capitalization of $604.18 million, a P/E ratio of 1.24 and a beta of 1.07.

Sabre (NASDAQ:SABR) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $715.18 million during the quarter, compared to analysts’ expectations of $715.32 million. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. On average, sell-side analysts anticipate that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of hedge funds have recently added to or reduced their stakes in SABR. Hsbc Holdings PLC increased its holdings in shares of Sabre by 6.3% during the first quarter. Hsbc Holdings PLC now owns 61,063 shares of the information technology services provider’s stock worth $172,000 after buying an additional 3,637 shares in the last quarter. Bank of Montreal Can grew its position in Sabre by 7.7% during the 2nd quarter. Bank of Montreal Can now owns 59,124 shares of the information technology services provider’s stock worth $187,000 after acquiring an additional 4,208 shares during the last quarter. Cerity Partners LLC increased its holdings in Sabre by 22.6% in the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock worth $96,000 after purchasing an additional 5,617 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Sabre by 7.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,566 shares of the information technology services provider’s stock valued at $315,000 after purchasing an additional 7,228 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Sabre by 17.8% during the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock valued at $173,000 after purchasing an additional 8,262 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.