Sabre (NASDAQ:SABR) Shares Down 8.6% – Here’s Why

Sabre Corporation (NASDAQ:SABR)’s stock price fell 8.6% during mid-day trading on Thursday . The company traded as low as $1.78 and last traded at $1.8193. 8,439,521 shares traded hands during trading, a decline of 23% from the average session volume of 10,974,210 shares. The stock had previously closed at $1.99.

Analyst Ratings Changes

SABR has been the topic of a number of research reports. Wall Street Zen downgraded shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Cantor Fitzgerald reissued a “neutral” rating and set a $2.00 price objective on shares of Sabre in a research report on Thursday, February 19th. Zacks Research upgraded Sabre from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $1.50 price target on shares of Sabre in a report on Tuesday. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $2.35.

Sabre Price Performance

The company has a market cap of $628.32 million, a price-to-earnings ratio of 1.37 and a beta of 1.02. The firm has a fifty day simple moving average of $1.26 and a 200 day simple moving average of $1.58.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Wednesday, February 18th. The information technology services provider reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. The firm had revenue of $666.53 million during the quarter, compared to analyst estimates of $654.08 million. Analysts expect that Sabre Corporation will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Oak Thistle LLC acquired a new stake in shares of Sabre in the fourth quarter valued at about $27,000. GSA Capital Partners LLP acquired a new position in shares of Sabre during the 3rd quarter worth about $32,000. Diligent Investors LLC acquired a new position in shares of Sabre during the 3rd quarter worth about $35,000. Caprock Group LLC bought a new stake in Sabre during the 3rd quarter valued at approximately $43,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Sabre by 970.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 22,361 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

About Sabre

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.