Sabre (NASDAQ:SABR) Trading Down 7.4% - Should You Sell?

Key Points

• Sabre's stock price dropped 7.4% during mid-day trading, reaching a low of $1.81, with a total trading volume significantly down from its average.
• Analysts have mixed ratings on the stock; while Morgan Stanley reiterated a "reduce" rating, Sanford C. Bernstein upgraded it to "outperform" with a new target price of $3.00.
• In its latest earnings report, Sabre recorded a revenue of $687.15 million, falling short of estimates, and reported earnings per share at ($0.02).

Sabre Corporation (NASDAQ:SABR - Get Free Report)'s stock price traded down 7.4% during mid-day trading on Thursday . The stock traded as low as $1.81 and last traded at $1.83. 2,133,505 shares changed hands during trading, a decline of 65% from the average session volume of 6,067,124 shares. The stock had previously closed at $1.97.

Wall Street Analyst Weigh In

SABR has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded shares of Sabre from a "market perform" rating to an "outperform" rating and cut their price objective for the company from $4.00 to $3.00 in a report on Monday, August 11th. Rothschild & Co Redburn cut shares of Sabre from a "buy" rating to a "neutral" rating and set a $2.40 price target for the company. in a report on Friday. Finally, Morgan Stanley reiterated a "reduce" rating on shares of Sabre in a report on Sunday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $3.80.

Sabre Stock Up 0.3%

The stock's 50-day moving average is $2.88 and its 200 day moving average is $2.94. The stock has a market capitalization of $716.04 million, a PE ratio of -1.98 and a beta of 1.47.

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

Hedge Funds Weigh In On Sabre

A number of institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC grew its holdings 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 worth $35,000 after purchasing an additional 8,454 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sabre in the 1st quarter valued at about $28,000. Triangle Securities Wealth Management bought a new stake in shares of Sabre in the second quarter worth $33,000. Park Avenue Securities LLC bought a new position in Sabre in the second quarter valued at $34,000. Finally, 626 Financial LLC acquired a new position in shares of Sabre during the 2nd quarter worth about $35,000. 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.