Sabre (NASDAQ:SABR) Shares Down 4.3% – Here’s Why

Sabre Corporation (NASDAQ:SABR) was down 4.3% during mid-day trading on Wednesday . The stock traded as low as $1.89 and last traded at $1.8950. Approximately 1,089,012 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 8,318,272 shares. The stock had previously closed at $1.98.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SABR shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $1.50 price objective on shares of Sabre in a research note on Tuesday, March 3rd. Weiss Ratings upgraded Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $2.00 price objective on shares of Sabre in a research note on Thursday, February 19th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $1.97.

Sabre Price Performance

The company has a market capitalization of $776.79 million, a price-to-earnings ratio of 1.81 and a beta of 0.99. The stock has a 50 day simple moving average of $1.73 and a two-hundred day simple moving average of $1.50.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $760.33 million during the quarter, compared to analyst estimates of $739.02 million. Equities research analysts predict that Sabre Corporation will post -0.13 EPS for the current year.

Institutional Trading of Sabre

Hedge funds and other institutional investors have recently bought and sold shares of the business. DGS Capital Management LLC acquired a new stake in Sabre in the first quarter valued at $25,000. Wealthspire Retirement LLC acquired a new stake in Sabre in the first quarter valued at $25,000. Oak Thistle LLC purchased a new position in shares of Sabre during the fourth quarter worth about $27,000. GSA Capital Partners LLP purchased a new position in shares of Sabre during the third quarter worth about $32,000. Finally, Diligent Investors LLC purchased a new position in shares of Sabre during the third quarter worth about $35,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

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.