Sabre (NASDAQ:SABR) Reaches New 12-Month Low – What’s Next?

Shares of Sabre Corporation (NASDAQ:SABR) hit a new 52-week low on Monday . The company traded as low as $1.52 and last traded at $1.5150, with a volume of 2460124 shares trading hands. The stock had previously closed at $1.63.

Analyst Upgrades and Downgrades

SABR has been the topic of several research reports. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a report on Thursday. Wall Street Zen lowered shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a report on Monday, December 1st. Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a report on Sunday, August 10th. Finally, Rothschild & Co Redburn downgraded Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price target on the stock. in a research report on Friday, August 15th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.80.

Sabre Stock Performance

The company has a 50 day simple moving average of $1.81 and a 200 day simple moving average of $2.25. The company has a market capitalization of $592.34 million, a PE ratio of 1.22 and a beta of 1.07.

Sabre (NASDAQ:SABR) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $715.18 million for the quarter, compared to analyst estimates of $715.32 million. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS. As a group, equities research analysts anticipate that Sabre Corporation will post 0.04 EPS for the current year.

Institutional Trading of Sabre

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SABR. Intech Investment Management LLC lifted its stake in Sabre by 38.3% during the 1st quarter. Intech Investment Management LLC now owns 1,156,720 shares of the information technology services provider’s stock worth $3,250,000 after acquiring an additional 320,035 shares in the last quarter. State of Alaska Department of Revenue grew its position in Sabre by 8.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 231,030 shares of the information technology services provider’s stock valued at $729,000 after acquiring an additional 17,232 shares in the last quarter. Praxis Investment Management Inc. increased its stake in Sabre by 50.0% during the second quarter. Praxis Investment Management Inc. now owns 47,120 shares of the information technology services provider’s stock worth $149,000 after purchasing an additional 15,700 shares during the period. Discerene Group LP lifted its position in shares of Sabre by 11.2% during the second quarter. Discerene Group LP now owns 21,242,336 shares of the information technology services provider’s stock worth $67,126,000 after purchasing an additional 2,132,064 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Sabre by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 1,223,649 shares of the information technology services provider’s stock valued at $3,438,000 after purchasing an additional 262,360 shares during the period. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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.