Sabre (NASDAQ:SABR) Reaches New 52-Week Low – Should You Sell?

Sabre Corporation (NASDAQ:SABR)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $1.2806 and last traded at $1.2950, with a volume of 2379951 shares changing hands. The stock had previously closed at $1.34.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SABR. Wall Street Zen downgraded Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.80.

Sabre Stock Down 5.6%

The stock’s 50 day moving average is $1.57 and its two-hundred day moving average is $2.02. The company has a market capitalization of $499.54 million, a PE ratio of 1.03 and a beta of 1.07.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $715.18 million for the quarter, compared to analyst estimates of $715.32 million. During the same period in the prior year, the company posted ($0.04) EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts predict that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of hedge funds have recently bought and sold shares of SABR. Triangle Securities Wealth Management bought a new position in Sabre during the second quarter valued at about $33,000. Park Avenue Securities LLC purchased a new stake in Sabre during the second quarter valued at about $34,000. 626 Financial LLC purchased a new stake in shares of Sabre in the second quarter valued at $35,000. MQS Management LLC purchased a new position in Sabre during the 2nd quarter valued at about $42,000. Finally, GSA Capital Partners LLP purchased a new stake in Sabre in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Company Profile

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.