Sabre (NASDAQ:SABR) Shares Down 7.4% – Should You Sell?

Sabre Corporation (NASDAQ:SABR)’s share price dropped 7.4% during trading on Wednesday . The company traded as low as $1.69 and last traded at $1.6950. Approximately 1,795,441 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 8,599,932 shares. The stock had previously closed at $1.83.

Wall Street Analyst Weigh In

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

Sabre Stock Performance

The company has a market cap of $679.93 million, a price-to-earnings ratio of 1.58 and a beta of 1.01. The company has a fifty day moving average of $1.66 and a two-hundred day moving average of $1.53.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $760.33 million during the quarter, compared to analyst estimates of $739.02 million. Equities analysts expect that Sabre Corporation will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Discerene Group LP raised its position in shares of Sabre by 34.9% during the fourth 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 during the last quarter. Par Capital Management Inc. grew its holdings in Sabre by 57.7% during 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 during the period. State Street Corp boosted its position in shares of Sabre by 2.4% during 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 in the last quarter. U S Global Investors Inc. increased its holdings in Sabre by 17.0% in the fourth 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 purchasing an additional 1,477,143 shares in the last quarter. 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 worth $12,614,000 after buying an additional 197,433 shares during the period. 89.42% of the stock is owned by institutional investors.

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.