Sabre (NASDAQ:SABR) Sets New 52-Week Low - Time to Sell?

Sabre Co. (NASDAQ:SABR - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.94 and last traded at $1.95, with a volume of 10202428 shares traded. The stock had previously closed at $2.00.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reiterated a "neutral" rating and set a $4.00 price objective on shares of Sabre in a research report on Friday, February 21st. StockNews.com upgraded shares of Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Finally, Sanford C. Bernstein raised Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 target price on the stock in a research note on Tuesday, April 1st.

Sabre Trading Down 0.6 %

The company's 50 day moving average is $3.33 and its 200 day moving average is $3.50. The company has a market cap of $886.03 million, a PE ratio of -3.19, a P/E/G ratio of 2.43 and a beta of 1.39.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. Analysts expect that Sabre Co. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its position in Sabre by 744.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock valued at $35,000 after buying an additional 8,454 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Sabre by 173.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 6,298 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sabre in the first quarter worth $28,000. MML Investors Services LLC acquired a new position in Sabre during the third quarter valued at $45,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Sabre in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 89.42% of the company's stock.

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.