Sabre (NASDAQ:SABR) Stock Price Down 4.4% – Time to Sell?

Sabre Co. (NASDAQ:SABR)’s share price traded down 4.4% during trading on Monday . The stock traded as low as $3.69 and last traded at $3.69. 303,540 shares traded hands during trading, a decline of 93% from the average session volume of 4,433,619 shares. The stock had previously closed at $3.86.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $3.50.

Sabre Trading Down 2.1 %

The stock has a 50 day moving average of $3.71 and a 200-day moving average of $3.29. The company has a market capitalization of $1.46 billion, a P/E ratio of -4.78 and a beta of 1.80.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million during the quarter, compared to analysts’ expectations of $774.53 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. As a group, sell-side analysts expect that Sabre Co. will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its position in shares of Sabre by 24.5% during the 3rd quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 3,116 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Sabre by 4.4% in the 2nd quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock valued at $206,000 after purchasing an additional 3,270 shares in the last quarter. Xponance Inc. boosted its position in Sabre by 15.5% during the second quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 3,689 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Sabre by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock valued at $513,000 after purchasing an additional 4,300 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Sabre by 12.9% in the 3rd quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock valued at $171,000 after buying an additional 5,323 shares in the last quarter. 89.42% of the stock is 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.