Sabre (NASDAQ:SABR) Reaches New 12-Month Low – What’s Next?

Shares of Sabre Corporation (NASDAQ:SABR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $1.2806 and last traded at $1.2950, with a volume of 2379951 shares trading hands. The stock had previously closed at $1.34.

Analysts Set New Price Targets

Several research firms have issued reports on SABR. Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Wall Street Zen lowered Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Sabre currently has a consensus rating of “Hold” and a consensus target price of $3.80.

Sabre Stock Performance

The firm has a fifty day simple moving average of $1.57 and a two-hundred day simple moving average of $2.02. The firm has a market cap of $499.54 million, a PE ratio of 1.03 and a beta of 1.07.

Sabre (NASDAQ:SABR) last posted its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $715.18 million during the quarter, compared to analysts’ expectations of $715.32 million. During the same period in the prior year, the company earned ($0.04) EPS. The business’s revenue was up 3.5% on a year-over-year basis. Equities analysts forecast that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Discerene Group LP raised its position in Sabre by 34.5% in the 3rd quarter. Discerene Group LP now owns 28,565,608 shares of the information technology services provider’s stock worth $52,275,000 after purchasing an additional 7,323,272 shares during the period. Par Capital Management Inc. grew its stake in shares of Sabre by 57.7% during the second quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock valued at $61,146,000 after buying an additional 7,082,948 shares during the last quarter. Ninety One UK Ltd purchased a new stake in shares of Sabre in the second quarter worth approximately $15,644,000. Millennium Management LLC raised its holdings in shares of Sabre by 1,057.1% in the third quarter. Millennium Management LLC now owns 4,248,540 shares of the information technology services provider’s stock worth $7,775,000 after buying an additional 3,881,379 shares during the period. Finally, U S Global Investors Inc. lifted its stake in shares of Sabre by 54.0% during the 3rd quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider’s stock worth $15,915,000 after acquiring an additional 3,049,688 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

About Sabre

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.