Sabre (NASDAQ:SABR) Trading Down 6.4% – Here’s What Happened

Sabre Corporation (NASDAQ:SABR)’s share price fell 6.4% during trading on Monday . The company traded as low as $1.34 and last traded at $1.3670. 878,882 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 3,604,121 shares. The stock had previously closed at $1.46.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SABR. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research note on Monday, December 29th. Wall Street Zen lowered shares of Sabre from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.80.

Sabre Price Performance

The firm has a market capitalization of $529.15 million, a price-to-earnings ratio of 1.09 and a beta of 1.07. The firm’s 50-day moving average price is $1.58 and its 200 day moving average price is $2.03.

Sabre (NASDAQ:SABR) last released its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $715.18 million during the quarter, compared to analysts’ expectations of $715.32 million. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. On average, analysts predict that Sabre Corporation will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

A number of institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Sabre in the 3rd quarter worth about $32,000. Triangle Securities Wealth Management acquired a new position in shares of Sabre in the 2nd quarter worth approximately $33,000. Park Avenue Securities LLC acquired a new position in shares of Sabre in the 2nd quarter valued at $34,000. 626 Financial LLC purchased a new stake in shares of Sabre in the second quarter worth approximately $35,000. Finally, Diligent Investors LLC purchased a new position in Sabre in the third quarter valued at about $35,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Company Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.