Sabre (NASDAQ:SABR) Hits New 1-Year Low – Time to Sell?

Sabre Corporation (NASDAQ:SABR)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $1.46 and last traded at $1.46, with a volume of 3564111 shares traded. The stock had previously closed at $1.50.

Wall Street Analysts Forecast Growth

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

Sabre Stock Down 2.7%

The company has a market cap of $576.54 million, a price-to-earnings ratio of 1.19 and a beta of 1.07. The business has a 50-day simple moving average of $1.74 and a two-hundred day simple moving average of $2.17.

Sabre (NASDAQ:SABR) last posted 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 business’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS. As a group, equities analysts anticipate that Sabre Corporation will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC raised its stake in shares of Sabre by 38.3% in the 1st quarter. Intech Investment Management LLC now owns 1,156,720 shares of the information technology services provider’s stock valued at $3,250,000 after buying an additional 320,035 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Sabre by 8.1% in the second quarter. State of Alaska Department of Revenue now owns 231,030 shares of the information technology services provider’s stock valued at $729,000 after acquiring an additional 17,232 shares during the period. Praxis Investment Management Inc. raised its position in Sabre by 50.0% in the second quarter. Praxis Investment Management Inc. now owns 47,120 shares of the information technology services provider’s stock worth $149,000 after purchasing an additional 15,700 shares in the last quarter. Discerene Group LP boosted its holdings in Sabre by 11.2% during the second quarter. Discerene Group LP now owns 21,242,336 shares of the information technology services provider’s stock valued at $67,126,000 after purchasing an additional 2,132,064 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of Sabre in the 2nd quarter valued at approximately $163,000. 89.42% of the stock is owned by institutional investors.

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.