Sabre (NASDAQ:SABR) Trading Down 7.7% - Here's Why

Sabre Co. (NASDAQ:SABR - Get Free Report) shares traded down 7.7% on Monday . The stock traded as low as $2.00 and last traded at $1.99. 21,285,568 shares were traded during mid-day trading, an increase of 392% from the average session volume of 4,329,356 shares. The stock had previously closed at $2.15.

Wall Street Analysts Forecast Growth

SABR has been the subject of several analyst reports. Cantor Fitzgerald reissued a "neutral" rating and set a $4.00 price target on shares of Sabre in a report on Friday, February 21st. Sanford C. Bernstein upgraded Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective for the company in a research report on Tuesday, April 1st. Bank of America raised Sabre from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Finally, StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st.

Sabre Stock Up 1.8 %

The business's fifty day moving average is $3.33 and its two-hundred day moving average is $3.51. The firm has a market cap of $891.82 million, a price-to-earnings ratio of -3.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39.

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

Hedge Funds Weigh In On Sabre

Several large investors have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC bought a new stake in shares of Sabre during the 1st quarter valued at $28,000. Sterling Capital Management LLC grew its position in shares of Sabre by 744.8% during the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock worth $35,000 after buying an additional 8,454 shares during the period. Smartleaf Asset Management LLC boosted its stake in Sabre by 173.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 6,298 shares during the last quarter. MML Investors Services LLC acquired a new position in Sabre during the third quarter valued at approximately $45,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Sabre in the fourth quarter valued at approximately $45,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

About Sabre

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.