Sabre (NASDAQ:SABR) Stock Price Down 3.6% – What’s Next?

Shares of Sabre Co. (NASDAQ:SABR) dropped 3.6% during mid-day trading on Tuesday . The stock traded as low as $3.40 and last traded at $3.39. Approximately 290,685 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 4,005,148 shares. The stock had previously closed at $3.51.

Analyst Upgrades and Downgrades

SABR has been the subject of several analyst reports. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $4.00 price objective on shares of Sabre in a research report on Friday, February 21st.

Sabre Price Performance

The stock’s fifty day moving average is $3.59 and its 200-day moving average is $3.58. The stock has a market cap of $1.31 billion, a PE ratio of -4.72, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. On average, sell-side analysts expect that Sabre Co. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Sabre

Several institutional investors and hedge funds have recently modified their holdings of SABR. JPMorgan Chase & Co. grew its stake in shares of Sabre by 375.5% in the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock worth $5,615,000 after acquiring an additional 1,208,269 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 worth $33,335,000 after purchasing an additional 145,383 shares during the last quarter. Barclays PLC grew its stake 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 worth $2,885,000 after purchasing an additional 267,778 shares in the last quarter. Algert Global LLC increased its holdings in Sabre by 44.2% in the third quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock valued at $1,609,000 after buying an additional 134,340 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of Sabre during the 3rd quarter worth about $45,000. Hedge funds and other 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.