Sabre (NASDAQ:SABR) Reaches New 1-Year Low – What’s Next?

Shares of Sabre Co. (NASDAQ:SABR) reached a new 52-week low during trading on Thursday . The company traded as low as $2.31 and last traded at $2.35, with a volume of 2245996 shares traded. The stock had previously closed at $2.69.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SABR. Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a report on Friday, February 21st. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and lifted their price target for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Sanford C. Bernstein upgraded 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.

Sabre Stock Performance

The firm has a market capitalization of $905.33 million, a P/E ratio of -3.24, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62. The firm has a 50 day moving average price of $3.54 and a two-hundred day moving average price of $3.57.

Sabre (NASDAQ:SABR) last posted 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 business had revenue of $714.72 million during the quarter, compared to analysts’ expectations of $716.60 million. Equities research analysts forecast that Sabre Co. will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SABR. U S Global Investors Inc. purchased a new stake in shares of Sabre in the fourth quarter valued at $20,509,000. Arrowstreet Capital Limited Partnership raised its position in Sabre by 831.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock valued at $21,388,000 after buying an additional 5,230,239 shares during the period. Norges Bank purchased a new stake in Sabre in the 4th quarter worth about $5,955,000. Cooper Creek Partners Management LLC boosted its position in Sabre by 139.7% during the 4th quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider’s stock worth $9,629,000 after acquiring an additional 1,537,625 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Sabre by 375.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock valued at $5,615,000 after acquiring an additional 1,208,269 shares in the last quarter. 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.