Sabre (NASDAQ:SABR) Shares Pass Below 200 Day Moving Average - Here's Why

Sabre Co. (NASDAQ:SABR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.43 and traded as low as $3.27. Sabre shares last traded at $3.31, with a volume of 2,945,911 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SABR shares. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $4.00 price target (down from $5.00) on shares of Sabre in a research note on Tuesday, January 7th. StockNews.com cut shares of Sabre from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th. Finally, Sanford C. Bernstein reiterated an "underperform" rating and issued a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $3.25.

Sabre Price Performance

The company has a market capitalization of $1.31 billion, a PE ratio of -4.29, a P/E/G ratio of 1.88 and a beta of 1.80. The business's 50 day simple moving average is $3.63 and its 200 day simple moving average is $3.43.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. During the same quarter in the prior year, the business earned ($0.10) EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Sabre Co. will post -0.3 EPS for the current year.

Institutional Trading of Sabre

A number of hedge funds and other institutional investors have recently modified their holdings of SABR. International Assets Investment Management LLC boosted its holdings in Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 6,582 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Sabre in the second quarter valued at approximately $35,000. Zacks Investment Management acquired a new position in shares of Sabre in the third quarter valued at approximately $41,000. 626 Financial LLC purchased a new stake in Sabre during the 3rd quarter worth approximately $44,000. Finally, MML Investors Services LLC acquired a new stake in Sabre during the 3rd quarter worth approximately $45,000. 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.