Sabre (NASDAQ:SABR) Stock Price Down 4.3% – What’s Next?

Sabre Corporation (NASDAQ:SABR) shares were down 4.3% on Wednesday . The stock traded as low as $1.89 and last traded at $1.8950. 1,089,012 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 8,318,272 shares. The stock had previously closed at $1.98.

Wall Street Analyst Weigh In

SABR has been the subject of several recent research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $2.00 price target on shares of Sabre in a report on Thursday, February 19th. Weiss Ratings raised shares of Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $1.50 price target on shares of Sabre in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Sabre currently has a consensus rating of “Reduce” and an average price target of $1.97.

Sabre Stock Up 1.1%

The stock has a market cap of $743.18 million, a P/E ratio of 1.72 and a beta of 0.99. The business’s 50-day simple moving average is $1.74 and its two-hundred day simple moving average is $1.51.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The business had revenue of $760.33 million during the quarter, compared to the consensus estimate of $739.02 million. Analysts anticipate that Sabre Corporation will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Discerene Group LP boosted its holdings in shares of Sabre by 1.5% in the first quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock worth $56,686,000 after acquiring an additional 569,711 shares during the period. Par Capital Management Inc. lifted its stake in Sabre by 57.7% in the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock worth $61,146,000 after purchasing an additional 7,082,948 shares in the last quarter. State Street Corp boosted its holdings in Sabre by 2.4% in the 4th quarter. State Street Corp now owns 14,813,630 shares of the information technology services provider’s stock valued at $20,147,000 after purchasing an additional 343,209 shares during the period. U S Global Investors Inc. boosted its holdings in Sabre by 17.0% in the 4th quarter. U S Global Investors Inc. now owns 10,173,592 shares of the information technology services provider’s stock valued at $13,836,000 after purchasing an additional 1,477,143 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Sabre by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,273,047 shares of the information technology services provider’s stock valued at $12,614,000 after purchasing an additional 197,433 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.

Sabre Company Profile

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.