Sabre (NASDAQ:SABR) Reaches New 52-Week Low - Here's What Happened

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.

Sabre Corporation (NASDAQ:SABR - Get Free Report) hit a new 52-week low during trading 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.

Wall Street Analysts Forecast Growth

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

Sabre Price Performance

The company has a market cap of $684.47 million, a price-to-earnings ratio of -1.91 and a beta of 1.47. The business's 50-day simple moving average is $2.78 and its 200-day simple moving average is $2.89.

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

Institutional Investors Weigh In On Sabre

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Sabre during the first quarter worth about $28,000. Blueshift Asset Management LLC purchased a new stake in Sabre in the first quarter valued at approximately $31,000. Triangle Securities Wealth Management purchased a new stake in Sabre in the second quarter valued at approximately $33,000. Park Avenue Securities LLC purchased a new stake in Sabre in the second quarter valued at approximately $34,000. Finally, 626 Financial LLC purchased a new stake in Sabre during the second quarter worth approximately $35,000. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Sabre Company Profile

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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