Sabre (NASDAQ:SABR) Stock Price Down 4.4% – Time to Sell?

Sabre Co. (NASDAQ:SABR)’s stock price traded down 4.4% during mid-day trading on Monday . The stock traded as low as $3.69 and last traded at $3.69. 303,540 shares were traded during trading, a decline of 93% from the average session volume of 4,433,619 shares. The stock had previously closed at $3.86.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SABR. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $3.50.

Sabre Stock Up 0.3 %

The firm has a market capitalization of $1.44 billion, a P/E ratio of -4.73 and a beta of 1.80. The firm has a 50 day moving average of $3.72 and a 200-day moving average of $3.30.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. Sabre’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.10) EPS. As a group, research analysts expect that Sabre Co. will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Sabre

A number of hedge funds have recently modified their holdings of SABR. Louisiana State Employees Retirement System raised its holdings in Sabre by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider’s stock worth $513,000 after purchasing an additional 4,300 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Sabre by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock worth $8,876,000 after acquiring an additional 150,989 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Sabre by 99.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,450 shares of the information technology services provider’s stock valued at $268,000 after buying an additional 50,187 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of Sabre by 3.0% during the second quarter. Panagora Asset Management Inc. now owns 798,070 shares of the information technology services provider’s stock valued at $2,131,000 after acquiring an additional 23,246 shares in the last quarter. Finally, Sage Rhino Capital LLC bought a new stake in Sabre during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.