Sabre (NASDAQ:SABR) Stock Price Down 5.7% - What's Next?

Sabre Co. (NASDAQ:SABR - Get Free Report) shares fell 5.7% on Friday . The stock traded as low as $2.71 and last traded at $2.72. 1,020,444 shares were traded during trading, a decline of 78% from the average session volume of 4,606,806 shares. The stock had previously closed at $2.88.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SABR. Cantor Fitzgerald reiterated a "neutral" rating and set a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Morgan Stanley reduced their price objective on Sabre from $5.00 to $3.50 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and upped their target price for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Sanford C. Bernstein upgraded Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target for the company in a research report on Tuesday, April 1st. Finally, Wall Street Zen upgraded shares of Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.28.

Sabre Trading Up 2.7%

The business has a 50 day moving average of $2.51 and a 200-day moving average of $3.17. The stock has a market cap of $1.05 billion, a PE ratio of -3.75, a price-to-earnings-growth ratio of 2.43 and a beta of 1.38.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The firm had revenue of $776.62 million during the quarter, compared to the consensus estimate of $794.65 million. The firm's revenue was down .8% on a year-over-year basis. During the same period last year, the business posted ($0.02) earnings per share. On average, equities research analysts anticipate that Sabre Co. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Sabre

Hedge funds have recently modified their holdings of the company. Intech Investment Management LLC raised its position in shares of Sabre by 38.3% in the first quarter. Intech Investment Management LLC now owns 1,156,720 shares of the information technology services provider's stock valued at $3,250,000 after buying an additional 320,035 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Sabre by 6.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 839,507 shares of the information technology services provider's stock worth $2,359,000 after acquiring an additional 47,995 shares during the period. Empowered Funds LLC raised its holdings in Sabre by 12.9% in the 1st quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider's stock valued at $258,000 after acquiring an additional 10,530 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Sabre during the 1st quarter worth $80,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Sabre by 265.7% during the 1st quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider's stock worth $806,000 after purchasing an additional 208,371 shares during the period. 89.42% of the stock is owned by institutional investors and hedge funds.

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.