Sabre (NASDAQ:SABR) Shares Down 4.2% - Should You Sell?

Shares of Sabre Co. (NASDAQ:SABR - Get Free Report) fell 4.2% on Tuesday . The stock traded as low as $2.41 and last traded at $2.43. 2,570,405 shares changed hands during trading, a decline of 42% from the average session volume of 4,430,505 shares. The stock had previously closed at $2.53.

Wall Street Analysts Forecast Growth

SABR has been the topic of several research analyst reports. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and raised their price objective for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. StockNews.com raised shares of Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Morgan Stanley lowered their price objective on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Sanford C. Bernstein upgraded shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price on the stock in a research report on Tuesday, April 1st. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $4.00 price target on shares of Sabre in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Sabre has an average rating of "Hold" and an average target price of $4.28.

Sabre Stock Up 0.2 %

The stock has a market cap of $928.50 million, a P/E ratio of -3.34, a P/E/G ratio of 2.43 and a beta of 1.39. The company's 50 day moving average price is $2.92 and its 200-day moving average price is $3.38.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to analysts' expectations of $716.60 million. Equities research analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Sabre by 375.5% during the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider's stock worth $5,615,000 after buying an additional 1,208,269 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Sabre during the 4th quarter valued at about $123,000. Barclays PLC increased its holdings in Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock worth $2,885,000 after purchasing an additional 267,778 shares in the last quarter. Invesco Ltd. lifted its stake in Sabre by 7.9% in the fourth quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider's stock valued at $9,691,000 after buying an additional 194,356 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Sabre by 1.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,673,767 shares of the information technology services provider's stock worth $6,109,000 after buying an additional 30,236 shares in the last quarter. 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.