Sabre (NASDAQ:SABR) Hits New 12-Month Low – What’s Next?

Sabre Corporation (NASDAQ:SABR) reached a new 52-week low on Friday . The company traded as low as $1.69 and last traded at $1.7050, with a volume of 2038315 shares traded. The stock had previously closed at $1.75.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SABR. Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a research note on Sunday, August 10th. Sanford C. Bernstein upgraded shares of Sabre from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Redburn Atlantic lowered shares of Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Wall Street Zen lowered Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a report on Thursday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $3.80.

Sabre Stock Performance

The company has a 50 day moving average of $1.87 and a 200-day moving average of $2.37. The stock has a market cap of $671.31 million, a price-to-earnings ratio of 1.38 and a beta of 1.55.

Sabre (NASDAQ:SABR) last released its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $715.18 million during the quarter, compared to the consensus estimate of $715.32 million. Sabre’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) earnings per share. On average, research analysts anticipate that Sabre Corporation will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Sabre

Hedge funds have recently added to or reduced their stakes in the business. Diligent Investors LLC purchased a new position in Sabre in the 3rd quarter valued at approximately $35,000. Invesco Ltd. increased its position in shares of Sabre by 29.9% during the third quarter. Invesco Ltd. now owns 3,215,328 shares of the information technology services provider’s stock worth $5,884,000 after acquiring an additional 739,360 shares during the period. DCM Advisors LLC acquired a new stake in shares of Sabre in the third quarter valued at $406,000. Franklin Resources Inc. purchased a new position in Sabre in the third quarter valued at $441,000. Finally, First Trust Advisors LP grew its stake in Sabre by 51.2% during the 3rd quarter. First Trust Advisors LP now owns 1,166,889 shares of the information technology services provider’s stock worth $2,135,000 after purchasing an additional 395,128 shares in the last quarter. 89.42% of the stock is currently 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.