Sabre (NASDAQ:SABR) Reaches New 1-Year Low – Should You Sell?

Sabre Corporation (NASDAQ:SABR) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $1.38 and last traded at $1.3750, with a volume of 12154 shares changing hands. The stock had previously closed at $1.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a report on Monday. Zacks Research raised shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Finally, Wall Street Zen cut shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.80.

Sabre Price Performance

The company has a market cap of $529.15 million, a P/E ratio of 1.09 and a beta of 1.07. The stock has a 50-day moving average of $1.69 and a 200 day moving average of $2.11.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $715.18 million for the quarter, compared to analysts’ expectations of $715.32 million. During the same quarter last year, the firm earned ($0.04) EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Sell-side analysts predict that Sabre Corporation will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SABR. GSA Capital Partners LLP bought a new stake in Sabre during the third quarter worth $32,000. Triangle Securities Wealth Management acquired a new position in shares of Sabre during the 2nd quarter worth $33,000. Park Avenue Securities LLC bought a new stake in shares of Sabre during the 2nd quarter worth $34,000. 626 Financial LLC bought a new stake in shares of Sabre during the 2nd quarter worth $35,000. Finally, Diligent Investors LLC acquired a new stake in Sabre in the third quarter valued at about $35,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

About Sabre

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.