Sabre (NASDAQ:SABR) Trading Down 8.5% - Should You Sell?

Key Points

• Sabre Corporation's shares fell 8.5% during mid-day trading, reaching a low of $1.77 and significantly below the average daily trading volume.
• Analysts have a consensus rating of "Hold" on Sabre's stock, with a revised price target lowered to $3.50 by Morgan Stanley.
• The company reported a revenue of $687.15 million for the last quarter, missing expectations and showing a 1.1% year-over-year decline in revenue.

Shares of Sabre Corporation (NASDAQ:SABR - Get Free Report) dropped 8.5% during trading on Friday . The stock traded as low as $1.77 and last traded at $1.77. Approximately 2,572,707 shares changed hands during trading, a decline of 55% from the average daily volume of 5,769,125 shares. The stock had previously closed at $1.93.

Analyst Upgrades and Downgrades

SABR has been the subject of several research analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Sabre in a report on Monday, July 14th. Morgan Stanley reduced their target price on shares of Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Sabre currently has an average rating of "Hold" and an average target price of $4.28.

Sabre Trading Down 2.3%

The firm's 50 day simple moving average is $2.96 and its two-hundred day simple moving average is $3.00. The firm has a market cap of $731.02 million, a price-to-earnings ratio of -2.07 and a beta of 1.47.

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

Institutional Trading of Sabre

Several hedge funds and other institutional investors have recently bought and sold shares of SABR. Envestnet Asset Management Inc. raised its position in shares of Sabre by 1.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,673,767 shares of the information technology services provider's stock valued at $6,109,000 after buying an additional 30,236 shares in the last quarter. Invesco Ltd. raised its position in shares of Sabre by 7.9% in the 4th 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 in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Sabre in the 4th quarter valued at approximately $130,000. Sterling Capital Management LLC raised its position in shares of Sabre by 744.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock valued at $35,000 after buying an additional 8,454 shares in the last quarter. Finally, Cooper Creek Partners Management LLC raised its position in shares of Sabre by 139.7% in the 4th quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider's stock valued at $9,629,000 after buying an additional 1,537,625 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company's stock.

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.