Sabre (NASDAQ:SABR) Shares Down 4% - Here's Why

Key Points

• Sabre shares fell 4% to about $1.575 during midday trading, with volume below the stock’s average daily level.
• Analyst sentiment remains mixed: Citigroup maintained a “buy” rating, while Weiss Ratings downgraded the stock to “sell.” The consensus rating is “Hold,” with a target price of $1.75.
• Sabre’s latest quarterly results missed expectations on earnings, reporting a $0.17-per-share loss versus the anticipated $0.04 loss, despite revenue exceeding forecasts.

Sabre Corporation (NASDAQ:SABR - Get Free Report) dropped 4% during mid-day trading on Tuesday. The stock traded as low as $1.57 and last traded at $1.5750. 4,262,485 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 6,874,840 shares. The stock had previously closed at $1.64.

Analysts Set New Price Targets

Several research firms have issued reports on SABR. Citigroup reiterated a "buy" rating on shares of Sabre in a research note on Thursday, August 27th. Weiss Ratings downgraded shares of Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sabre currently has a consensus rating of "Hold" and a consensus target price of $1.75.

Sabre Price Performance

The firm has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $1.90. The stock has a market capitalization of $635.64 million, a PE ratio of 0.95 and a beta of 1.06.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $711.96 million during the quarter, compared to analysts' expectations of $697.40 million. On average, research analysts expect that Sabre Corporation will post -0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc acquired a new stake in Sabre during the 2nd quarter worth about $1,254,000. BlackRock Inc. purchased a new stake in Sabre in the second quarter valued at approximately $114,425,000. Bank of New York Mellon Corp acquired a new position in Sabre in the 2nd quarter worth approximately $4,184,000. Arini Capital Management Ltd acquired a new position in Sabre in the 2nd quarter worth approximately $81,719,000. Finally, Penn Capital Management Company LLC acquired a new stake in Sabre during the 2nd quarter valued at approximately $2,271,000. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Company Profile

Sabre Corporation NASDAQ: SABR is a travel technology company that provides software, data, and marketplace solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, online travel companies, and other travel suppliers, helping them distribute and manage travel content, reservations, and related services.

The company's offerings include global distribution capabilities, application programming interfaces, travel booking tools, and agency solutions such as the Sabre Red 360 platform.

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