Sabre (NASDAQ:SABR) Sets New 1-Year Low - What's Next?

Key Points

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Sabre Corporation (NASDAQ:SABR - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $1.38 and last traded at $1.3750, with a volume of 12154 shares changing hands. The stock had previously closed at $1.39.

Analyst Ratings Changes

Several brokerages recently weighed in on SABR. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sabre in a research report on Monday, December 22nd. Zacks Research raised Sabre from a "strong sell" rating to a "hold" rating in a research note on Thursday, December 4th. Finally, Wall Street Zen lowered Sabre from a "hold" rating to a "sell" rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Sabre currently has an average rating of "Hold" and an average price target of $3.80.

Sabre Price Performance

The stock has a fifty day moving average of $1.71 and a 200 day moving average of $2.13. The firm has a market capitalization of $542.97 million, a P/E ratio of 1.12 and a beta of 1.07.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). The business had revenue of $715.18 million during the quarter, compared to analysts' expectations of $715.32 million. Sabre's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. Equities analysts forecast that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC raised its holdings in shares of Sabre by 6.3% in the 1st quarter. Hsbc Holdings PLC now owns 61,063 shares of the information technology services provider's stock worth $172,000 after purchasing an additional 3,637 shares during the period. State of Wyoming bought a new stake in shares of Sabre in the first quarter valued at $49,000. Royal Bank of Canada lifted its position in shares of Sabre by 46.9% during the 1st quarter. Royal Bank of Canada now owns 174,893 shares of the information technology services provider's stock valued at $491,000 after buying an additional 55,840 shares during the last quarter. Empyrean Capital Partners LP grew its stake in shares of Sabre by 40.0% during the 1st quarter. Empyrean Capital Partners LP now owns 3,500,000 shares of the information technology services provider's stock worth $9,835,000 after acquiring an additional 1,000,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Sabre by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider's stock valued at $639,000 after acquiring an additional 9,923 shares during the period. 89.42% of the stock is owned by institutional investors.

Sabre Company Profile

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.

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