Sabre (NASDAQ:SABR) Trading Down 4.3% – Time to Sell?

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on SABR shares. Sanford C. Bernstein upgraded Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective for the company in a research note on Tuesday, April 1st. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 target price on shares of Sabre in a research report on Friday, February 21st. Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

Sabre Trading Down 6.5 %

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

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $714.72 million during the quarter, compared to analysts’ expectations of $716.60 million. As a group, research analysts expect that Sabre Co. will post 0.04 EPS for the current year.

Institutional Trading of Sabre

Several institutional investors and hedge funds have recently bought and sold shares of SABR. FMR LLC grew its holdings in Sabre by 24.5% during the third 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 period. State Street Corp raised its position in shares of Sabre by 1.0% in the third quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider’s stock worth $51,446,000 after acquiring an additional 140,218 shares during the period. XTX Topco Ltd purchased a new stake in shares of Sabre during the 3rd quarter worth about $244,000. MML Investors Services LLC acquired a new stake in shares of Sabre during the 3rd quarter valued at about $45,000. Finally, Barclays PLC increased its stake in shares of Sabre by 51.6% in the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after purchasing an additional 267,778 shares in the last quarter. 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.