Sabre (NASDAQ:SABR) Sets New 1-Year Low After Analyst Downgrade

Sabre Corporation (NASDAQ:SABR)’s share price reached a new 52-week low during trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $1.2806 and last traded at $1.2950, with a volume of 2379951 shares traded. The stock had previously closed at $1.34.

A number of other research analysts have also issued reports on SABR. Wall Street Zen lowered Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $3.80.

Institutional Trading of Sabre

Institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in shares of Sabre during the 3rd quarter valued at about $32,000. Triangle Securities Wealth Management acquired a new position in Sabre during the second quarter valued at approximately $33,000. Park Avenue Securities LLC bought a new position in shares of Sabre in the second quarter valued at approximately $34,000. 626 Financial LLC acquired a new stake in shares of Sabre in the second quarter worth $35,000. Finally, Diligent Investors LLC bought a new stake in shares of Sabre during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Stock Performance

The firm has a market capitalization of $501.51 million, a price-to-earnings ratio of 1.03 and a beta of 1.07. The business’s 50 day moving average is $1.53 and its 200-day moving average is $1.99.

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 analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $715.18 million for the quarter, compared to analysts’ expectations of $715.32 million. Sabre’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted ($0.04) earnings per share. Equities research analysts forecast that Sabre Corporation will post 0.04 EPS for the current fiscal year.

About Sabre

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.