Sabre (NASDAQ:SABR) Trading Down 4.3% - What's Next?

Shares of Sabre Co. (NASDAQ:SABR - Get Free Report) were down 4.3% during mid-day trading on Monday . The stock traded as low as $2.21 and last traded at $2.21. Approximately 1,012,187 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 4,407,583 shares. The stock had previously closed at $2.31.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SABR. Bank of America raised shares of Sabre from a "neutral" rating to a "buy" rating and raised their price target for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. StockNews.com raised shares of Sabre from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Sanford C. Bernstein raised shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price target on the stock in a research report on Tuesday, April 1st. Cantor Fitzgerald reissued a "neutral" rating and set a $4.00 price objective on shares of Sabre in a research report on Friday, February 21st. Finally, Morgan Stanley cut their target price on Sabre from $5.00 to $3.50 and set an "equal weight" rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Sabre presently has a consensus rating of "Hold" and an average price target of $4.28.

Sabre Stock Performance

The firm has a market cap of $783.72 million, a PE ratio of -2.82, a PEG ratio of 2.43 and a beta of 1.39. The company's 50-day simple moving average is $3.19 and its two-hundred day simple moving average is $3.45.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. On average, analysts expect that Sabre Co. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

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