Sabre (NASDAQ:SABR) Reaches New 1-Year Low – What’s Next?

Sabre Co. (NASDAQ:SABR) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.31 and last traded at $2.35, with a volume of 2245996 shares changing hands. The stock had previously closed at $2.69.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 target price on shares of Sabre in a research note on Friday, February 21st. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and increased their price target for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective for the company in a report on Tuesday.

Sabre Price Performance

The stock’s fifty day simple moving average is $3.54 and its two-hundred day simple moving average is $3.57. The company has a market capitalization of $905.33 million, a price-to-earnings ratio of -3.24, a PEG ratio of 2.43 and a beta of 1.62.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. On average, sell-side analysts predict that Sabre Co. will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Sabre

Several large investors have recently added to or reduced their stakes in SABR. Intech Investment Management LLC lifted its position in Sabre by 403.5% in the 3rd quarter. Intech Investment Management LLC now owns 91,116 shares of the information technology services provider’s stock valued at $334,000 after purchasing an additional 73,018 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Sabre by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock worth $20,020,000 after buying an additional 39,509 shares in the last quarter. FMR LLC increased its position in Sabre by 24.5% in the 3rd 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 during the period. Verition Fund Management LLC raised its stake in Sabre by 37.3% during the 3rd quarter. Verition Fund Management LLC now owns 189,924 shares of the information technology services provider’s stock valued at $697,000 after acquiring an additional 51,595 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in Sabre during the 3rd quarter worth $54,000. 89.42% of the stock is owned by institutional investors and hedge funds.

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.