Sabre (NASDAQ:SABR) Stock Falls 5.6% – Should You Sell?

Shares of Sabre Corporation (NASDAQ:SABR) were down 5.6% on Tuesday. The company traded as low as $1.79 and last traded at $1.7750. 814,583 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 6,831,285 shares. The stock had previously closed at $1.88.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SABR shares. Citigroup reissued a “buy” rating on shares of Sabre in a research report on Thursday, August 27th. Weiss Ratings cut Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1.75.

Sabre Trading Down 1.7%

The business’s fifty day moving average is $2.11 and its 200 day moving average is $1.89. The company has a market cap of $718.38 million, a P/E ratio of 1.08 and a beta of 1.06.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The company had revenue of $711.96 million for the quarter, compared to the consensus estimate of $697.40 million. As a group, research analysts expect that Sabre Corporation will post -0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in Sabre during the second quarter valued at approximately $69,000. Engineers Gate Manager LP bought a new position in Sabre in the second quarter valued at $31,000. Squarepoint Ops LLC bought a new position in Sabre in the second quarter valued at $492,000. Corient Private Wealth LP purchased a new stake in Sabre during the second quarter valued at about $62,000. Finally, AXQ Capital LP purchased a new stake in Sabre during the second quarter valued at about $283,000. 89.42% of the stock is owned by institutional investors.

Sabre Company Profile

Sabre Corporation (NASDAQ: SABR) is a travel technology company that provides software, data, and marketplace solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, online travel companies, and other travel suppliers, helping them distribute and manage travel content, reservations, and related services.

The company’s offerings include global distribution capabilities, application programming interfaces, travel booking tools, and agency solutions such as the Sabre Red 360 platform.