Sabre (NASDAQ:SABR) Sets New 12-Month Low - Should You Sell?

Key Points

• Sabre Corporation's stock (NASDAQ:SABR) hit a new 52-week low at $1.73, closing recently at $1.74, with significant trading volume of over 3.9 million shares.
• Analysts have mixed opinions on Sabre, with two rating it as a Buy, three as Hold, and one as Sell, while the average price target is set at $3.80.
• In its latest quarterly earnings, Sabre reported a revenue decline of 1.1% year-over-year, with earnings per share at ($0.02), missing analyst estimates of $718.16 million revenue.

Shares of Sabre Corporation (NASDAQ:SABR - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $1.73 and last traded at $1.74, with a volume of 3948048 shares trading hands. The stock had previously closed at $1.79.

Analyst Ratings Changes

Several analysts recently weighed in on SABR shares. Morgan Stanley restated a "reduce" rating on shares of Sabre in a report on Sunday, August 10th. Rothschild & Co Redburn downgraded Sabre from a "buy" rating to a "neutral" rating and set a $2.40 price objective for the company. in a report on Friday, August 15th. Redburn Atlantic downgraded Sabre from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Finally, Sanford C. Bernstein upgraded Sabre from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from $4.00 to $3.00 in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Sabre presently has an average rating of "Hold" and a consensus price target of $3.80.

Sabre Price Performance

The firm has a market capitalization of $706.17 million, a P/E ratio of -1.97 and a beta of 1.47. The stock's fifty day simple moving average is $2.69 and its 200 day simple moving average is $2.83.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $687.15 million for the quarter, compared to analysts' expectations of $718.16 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The firm's quarterly revenue was down 1.1% on a year-over-year basis. As a group, sell-side analysts forecast that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Sabre

Several hedge funds have recently modified their holdings of SABR. Par Capital Management Inc. increased its holdings in shares of Sabre by 57.7% during the second quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider's stock valued at $61,146,000 after acquiring an additional 7,082,948 shares in the last quarter. Ninety One UK Ltd acquired a new position in Sabre in the 2nd quarter worth approximately $15,644,000. Simcoe Capital Management LLC acquired a new position in Sabre in the 2nd quarter worth approximately $7,649,000. Discerene Group LP increased its holdings in Sabre by 11.2% in the 2nd quarter. Discerene Group LP now owns 21,242,336 shares of the information technology services provider's stock worth $67,126,000 after buying an additional 2,132,064 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Sabre by 57.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,240,538 shares of the information technology services provider's stock worth $9,106,000 after buying an additional 1,186,716 shares during the period. Institutional investors and hedge funds own 89.42% of the company's stock.

About Sabre

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.