Sabre (NASDAQ:SABR) Shares Down 4% – Here’s Why

Sabre Corporation (NASDAQ:SABR)’s stock price dropped 4% during trading on Tuesday. The stock traded as low as $1.57 and last traded at $1.5750. 4,262,485 shares were traded during mid-day trading, a decline of 38% from the average session volume of 6,874,840 shares. The stock had previously closed at $1.64.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SABR. Weiss Ratings cut Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Citigroup reaffirmed a “buy” rating on shares of Sabre in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1.75.

Sabre Stock Performance

The firm has a 50-day moving average price of $2.08 and a two-hundred day moving average price of $1.90. The firm has a market cap of $635.64 million, a price-to-earnings ratio of 0.95 and a beta of 1.06.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The firm had revenue of $711.96 million for the quarter, compared to analyst estimates of $697.40 million. Research analysts anticipate that Sabre Corporation will post -0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SABR. Wealthspire Retirement LLC acquired a new stake in shares of Sabre in the first quarter worth $25,000. DGS Capital Management LLC purchased a new stake in Sabre during the 1st quarter worth $25,000. Vise Technologies Inc. acquired a new stake in Sabre in the 2nd quarter valued at $30,000. Allworth Financial LP acquired a new stake in Sabre in the 2nd quarter valued at $31,000. Finally, Engineers Gate Manager LP purchased a new position in Sabre in the second quarter valued at about $31,000. 89.42% of the stock is owned by hedge funds and other 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.