Sabre Co. (NASDAQ:SABR) Short Interest Update

Sabre Co. (NASDAQ:SABR) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 20,580,000 shares, a decline of 14.1% from the December 15th total of 23,960,000 shares. Based on an average daily trading volume, of 4,250,000 shares, the short-interest ratio is presently 4.8 days.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SABR shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 target price (down from $5.00) on shares of Sabre in a research report on Tuesday, January 7th. StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Finally, Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.25.

Sabre Stock Down 3.6 %

SABR stock opened at $3.24 on Friday. The firm has a market cap of $1.25 billion, a PE ratio of -4.10, a P/E/G ratio of 1.85 and a beta of 1.80. The business has a 50 day moving average of $3.68 and a 200-day moving average of $3.39. Sabre has a 12-month low of $1.81 and a 12-month high of $4.60.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.10) earnings per share. On average, research analysts expect that Sabre will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

Several institutional investors have recently modified their holdings of the business. FMR LLC grew its holdings in shares of Sabre by 24.5% in the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 3,116 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Sabre by 4.4% in the second 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 during the last quarter. Xponance Inc. lifted its stake in Sabre by 15.5% in 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 during the last quarter. GSA Capital Partners LLP lifted its stake in Sabre by 12.9% in the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock valued at $171,000 after purchasing an additional 5,323 shares during the last quarter. Finally, nVerses Capital LLC lifted its stake in Sabre by 25.0% in the third quarter. nVerses Capital LLC now owns 27,000 shares of the information technology services provider’s stock valued at $99,000 after purchasing an additional 5,400 shares during the last quarter. 89.42% of the stock is 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.