Sabre (NASDAQ:SABR) Trading Down 8.6% - What's Next?

Key Points

• Sabre shares fell 8.6% intraday to as low as $1.78 (last $1.8193) on mid-day volume of 8.44M shares, about 23% below the average session volume.
• Analyst sentiment is weak — the MarketBeat consensus is a "Reduce" rating with an average price target of $2.35, with four firms at Hold and two at Sell.
• The company has a market cap of $626M and a P/E of 1.37, and it recently beat quarterly estimates (EPS -$0.01 vs. -$0.07 and revenue $666.5M vs. $654.1M) despite the stock being down roughly 20.4%.

Sabre Corporation (NASDAQ:SABR - Get Free Report)'s stock price fell 8.6% during mid-day trading on Thursday . The stock traded as low as $1.78 and last traded at $1.8193. 8,439,521 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 10,974,210 shares. The stock had previously closed at $1.99.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SABR shares. Zacks Research raised Sabre from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 11th. Cantor Fitzgerald reissued a "neutral" rating and set a $2.00 price objective on shares of Sabre in a report on Thursday, February 19th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sabre in a research note on Monday, December 29th. Sanford C. Bernstein reiterated a "market perform" rating and set a $1.50 price target on shares of Sabre in a research report on Tuesday. Finally, Wall Street Zen lowered shares of Sabre from a "hold" rating to a "sell" rating in a report on Saturday, November 8th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $2.35.

Sabre Stock Down 20.4%

The stock has a market cap of $626.34 million, a P/E ratio of 1.37 and a beta of 1.02. The company has a 50-day simple moving average of $1.25 and a two-hundred day simple moving average of $1.58.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. The firm had revenue of $666.53 million for the quarter, compared to the consensus estimate of $654.08 million. As a group, sell-side analysts forecast that Sabre Corporation will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new stake in shares of Sabre in the 3rd quarter worth approximately $32,000. Diligent Investors LLC bought a new position in shares of Sabre during the third quarter valued at approximately $35,000. Oak Thistle LLC bought a new stake in Sabre in the fourth quarter valued at $27,000. Caprock Group LLC purchased a new position in Sabre during the 3rd quarter valued at $43,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Sabre by 970.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider's stock worth $45,000 after purchasing an additional 22,361 shares in the last quarter. Institutional investors own 89.42% of the company's stock.

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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