Sabre Co. (NASDAQ:SABR - Get Free Report)'s stock price traded down 9.6% on Friday . The stock traded as low as $2.63 and last traded at $2.63. 2,494,007 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 5,427,877 shares. The stock had previously closed at $2.91.
Analyst Ratings Changes
A number of brokerages have recently issued reports on SABR. StockNews.com downgraded shares of Sabre from a "buy" rating to a "hold" rating in a research report on Friday, April 5th. Mizuho dropped their target price on shares of Sabre from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Monday, March 4th. Bank of America lowered their price objective on Sabre from $4.50 to $3.00 and set a "neutral" rating on the stock in a research report on Monday, April 15th. Finally, Cantor Fitzgerald started coverage on shares of Sabre in a research note on Wednesday, February 21st. They issued an "overweight" rating and a $5.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Sabre currently has an average rating of "Hold" and an average price target of $4.00.
View Our Latest Research Report on SABR
Sabre Price Performance
The firm has a fifty day moving average price of $2.47 and a two-hundred day moving average price of $3.43. The stock has a market capitalization of $979.08 million, a PE ratio of -1.63 and a beta of 1.69.
Sabre (NASDAQ:SABR - Get Free Report) last released its earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The business had revenue of $687.05 million during the quarter, compared to analyst estimates of $707.89 million. On average, research analysts expect that Sabre Co. will post -0.21 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sabre
A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning grew its stake in Sabre by 0.5% in the third quarter. Creative Planning now owns 1,282,390 shares of the information technology services provider's stock worth $5,758,000 after purchasing an additional 6,204 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of Sabre during the third quarter valued at $404,000. Epoch Investment Partners Inc. bought a new stake in shares of Sabre in the third quarter valued at about $1,173,000. Swiss National Bank lifted its stake in Sabre by 2.0% in the third quarter. Swiss National Bank now owns 656,800 shares of the information technology services provider's stock worth $2,949,000 after acquiring an additional 13,000 shares during the period. Finally, Vanguard Group Inc. increased its position in Sabre by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider's stock valued at $179,201,000 after purchasing an additional 3,665,465 shares during the period. 89.42% of the stock is currently owned by institutional investors.
Sabre Company Profile
(
Get Free Report)
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.
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