Sabre (NASDAQ:SABR) Stock Price Down 7.4% – What’s Next?

Sabre Corporation (NASDAQ:SABR) shares dropped 7.4% during trading on Wednesday . The company traded as low as $1.69 and last traded at $1.6950. Approximately 1,795,441 shares changed hands during trading, a decline of 79% from the average daily volume of 8,599,932 shares. The stock had previously closed at $1.83.

Analyst Ratings Changes

SABR has been the topic of a number of recent research reports. Zacks Research upgraded Sabre from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Cantor Fitzgerald restated a “neutral” rating and set a $2.00 price objective on shares of Sabre in a research note on Thursday, February 19th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $1.50 price target on shares of Sabre in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $1.97.

Sabre Stock Up 0.9%

The company has a 50 day moving average of $1.66 and a 200 day moving average of $1.52. The firm has a market cap of $630.52 million, a price-to-earnings ratio of 1.46 and a beta of 1.01.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. The business had revenue of $760.33 million during the quarter, compared to analyst estimates of $739.02 million. As a group, equities research analysts expect that Sabre Corporation will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Sabre

Several institutional investors and hedge funds have recently bought and sold shares of SABR. DGS Capital Management LLC acquired a new stake in Sabre during the first quarter valued at approximately $25,000. Wealthspire Retirement LLC acquired a new stake in Sabre during the first quarter valued at approximately $25,000. Oak Thistle LLC acquired a new stake in Sabre during the fourth quarter valued at approximately $27,000. GSA Capital Partners LLP acquired a new stake in Sabre during the third quarter valued at approximately $32,000. Finally, Diligent Investors LLC acquired a new stake in Sabre during the third quarter valued at approximately $35,000. Institutional investors and hedge funds 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.