Sabre (NASDAQ:SABR) Shares Down 5.4% – Here’s Why

Shares of Sabre Corporation (NASDAQ:SABR) dropped 5.4% on Wednesday . The stock traded as low as $1.8550 and last traded at $1.8550. Approximately 1,571,190 shares were traded during trading, a decline of 83% from the average daily volume of 9,303,692 shares. The stock had previously closed at $1.96.

Analyst Upgrades and Downgrades

SABR has been the subject of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Zacks Research upgraded Sabre from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $2.00 price objective on shares of Sabre in a report on Thursday, February 19th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $1.50 price objective on shares of Sabre in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $1.97.

Sabre Trading Down 6.7%

The firm has a fifty day simple moving average of $1.44 and a two-hundred day simple moving average of $1.53. The firm has a market cap of $722.37 million, a PE ratio of 1.57 and a beta of 0.85.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Wednesday, February 18th. The information technology services provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. The business had revenue of $666.53 million during the quarter, compared to analysts’ expectations of $654.08 million. Equities analysts expect that Sabre Corporation will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Discerene Group LP raised its position in shares of Sabre by 34.9% in the 4th quarter. Discerene Group LP now owns 38,523,820 shares of the information technology services provider’s stock worth $52,392,000 after acquiring an additional 9,958,212 shares in the last quarter. Par Capital Management Inc. raised its position in shares of 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 acquiring an additional 7,082,948 shares in the last quarter. State Street Corp raised its position in shares of 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 worth $20,147,000 after acquiring an additional 343,209 shares in the last quarter. U S Global Investors Inc. raised its position in shares of 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 worth $13,836,000 after acquiring an additional 1,477,143 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Sabre by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,273,047 shares of the information technology services provider’s stock worth $12,614,000 after acquiring 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.