Sabre (NASDAQ:SABR) Sets New 12-Month Low – Should You Sell?

Sabre Co. (NASDAQ:SABR) shares reached a new 52-week low on Thursday . The company traded as low as $2.31 and last traded at $2.35, with a volume of 2245996 shares changing hands. The stock had previously closed at $2.69.

Analyst Upgrades and Downgrades

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

Sabre Price Performance

The stock has a 50 day moving average price of $3.49 and a 200-day moving average price of $3.56. The stock has a market capitalization of $830.05 million, a price-to-earnings ratio of -2.99, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39.

Sabre (NASDAQ:SABR) last released its 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. As a group, research analysts forecast that Sabre Co. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Sabre by 24.5% in the 3rd quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 3,116 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Sabre by 8.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider’s stock worth $146,000 after purchasing an additional 3,142 shares during the last quarter. Hsbc Holdings PLC raised its stake in Sabre by 5.9% during the fourth quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider’s stock worth $209,000 after purchasing an additional 3,195 shares during the period. Xponance Inc. boosted its holdings in Sabre by 22.1% in the 4th quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock valued at $109,000 after purchasing an additional 5,395 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Sabre by 173.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 6,298 shares during the period. 89.42% of the stock is currently owned by institutional investors and hedge funds.

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.