Sabre (NASDAQ:SABR) Trading Down 4.4% – Here’s Why

Sabre Co. (NASDAQ:SABR) shares dropped 4.4% during mid-day trading on Monday . The company traded as low as $3.69 and last traded at $3.69. Approximately 303,540 shares traded hands during trading, a decline of 93% from the average daily volume of 4,433,619 shares. The stock had previously closed at $3.86.

Analyst Ratings Changes

SABR has been the topic of a number of research analyst reports. Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Sabre currently has an average rating of “Hold” and a consensus target price of $3.50.

Sabre Price Performance

The company has a market capitalization of $1.44 billion, a P/E ratio of -4.73 and a beta of 1.80. The stock’s 50 day moving average is $3.72 and its 200-day moving average is $3.30.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million during the quarter, compared to analysts’ expectations of $774.53 million. During the same period in the prior year, the company earned ($0.10) earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Sabre Co. will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Sabre by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock valued at $33,335,000 after purchasing an additional 145,383 shares in the last quarter. Barclays PLC increased its position in shares of Sabre by 51.6% during the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after acquiring an additional 267,778 shares in the last quarter. MML Investors Services LLC purchased a new position in Sabre in the 3rd quarter worth approximately $45,000. XTX Topco Ltd purchased a new stake in Sabre during the 3rd quarter valued at $244,000. Finally, Zacks Investment Management bought a new stake in shares of Sabre in the 3rd quarter worth $41,000. Institutional investors own 89.42% of the company’s stock.

Sabre Company Profile

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.