Sabre (NASDAQ:SABR) Shares Down 3.6% – Here’s What Happened

Sabre Co. (NASDAQ:SABR) shares fell 3.6% on Tuesday . The company traded as low as $3.40 and last traded at $3.39. 290,685 shares changed hands during trading, a decline of 93% from the average session volume of 4,005,148 shares. The stock had previously closed at $3.51.

Analyst Ratings Changes

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

Sabre Stock Down 3.3 %

The stock has a market capitalization of $1.31 billion, a P/E ratio of -4.72, a P/E/G ratio of 2.43 and a beta of 1.62. The stock’s 50 day moving average price is $3.59 and its 200-day moving average price is $3.58.

Sabre (NASDAQ:SABR) last announced 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 during the quarter, compared to analyst estimates of $716.60 million. Analysts anticipate that Sabre Co. will post 0.04 earnings per share for the current year.

Institutional Trading of Sabre

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in 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 valued at $5,615,000 after acquiring an additional 1,208,269 shares in the last quarter. Geode Capital Management LLC raised its stake in Sabre by 1.6% in the third 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 buying an additional 145,383 shares during the last quarter. Barclays PLC boosted its holdings in Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after acquiring an additional 267,778 shares in the last quarter. Algert Global LLC grew its stake in shares of Sabre by 44.2% during the third quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock worth $1,609,000 after acquiring an additional 134,340 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of Sabre during the third quarter valued at about $45,000. 89.42% of the stock is currently owned by institutional investors.

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.