Sabre (NASDAQ:SABR) Stock Price Down 4.3% – Should You Sell?

Shares of Sabre Co. (NASDAQ:SABR) dropped 4.3% during mid-day trading on Monday . The stock traded as low as $2.21 and last traded at $2.21. Approximately 1,012,187 shares were traded during trading, a decline of 77% from the average daily volume of 4,407,583 shares. The stock had previously closed at $2.31.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating and raised their target price for the company from $4.50 to $6.10 in a report on Tuesday, March 4th. Cantor Fitzgerald restated a “neutral” rating and issued a $4.00 target price on shares of Sabre in a report on Friday, February 21st. Sanford C. Bernstein raised shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price for the company in a research note on Tuesday, April 1st. Finally, StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.

Sabre Trading Down 6.5 %

The firm has a 50-day moving average of $3.33 and a two-hundred day moving average of $3.50. The firm has a market capitalization of $833.91 million, a PE ratio of -3.00, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to the consensus estimate of $716.60 million. Equities research analysts expect that Sabre Co. will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

Several institutional investors and hedge funds have recently made changes to their positions in SABR. Fifth Third Wealth Advisors LLC acquired a new stake in Sabre during the first quarter valued at approximately $28,000. Sterling Capital Management LLC lifted its holdings in Sabre by 744.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 8,454 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Sabre by 173.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock worth $36,000 after purchasing an additional 6,298 shares during the period. Abacus Planning Group Inc. acquired a new position in Sabre during the 1st quarter valued at approximately $38,000. Finally, MML Investors Services LLC acquired a new stake in Sabre in the third quarter worth $45,000. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

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.