Sabre (NASDAQ:SABR) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Sabre Corporation (NASDAQ:SABR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.92 and traded as low as $1.33. Sabre shares last traded at $1.36, with a volume of 3,798,228 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SABR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Zacks Research downgraded shares of Sabre from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen lowered shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Sabre has an average rating of “Reduce” and an average price target of $3.80.

Sabre Stock Up 2.3%

The business has a fifty day moving average of $1.47 and a 200 day moving average of $1.92. The firm has a market cap of $537.05 million, a P/E ratio of 1.11 and a beta of 1.07.

Sabre (NASDAQ:SABR) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $715.32 million. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) EPS. On average, sell-side analysts expect that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Sabre

Several hedge funds have recently bought and sold shares of SABR. Discerene Group LP boosted its position in shares of Sabre by 34.5% during the third quarter. Discerene Group LP now owns 28,565,608 shares of the information technology services provider’s stock worth $52,275,000 after purchasing an additional 7,323,272 shares in the last quarter. Par Capital Management Inc. raised its stake in Sabre by 57.7% during the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock worth $61,146,000 after buying an additional 7,082,948 shares during the period. U S Global Investors Inc. lifted its holdings in Sabre by 54.0% during the third quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider’s stock worth $15,915,000 after acquiring an additional 3,049,688 shares in the last quarter. Ninety One UK Ltd grew its stake in Sabre by 1.6% in the third quarter. Ninety One UK Ltd now owns 5,029,303 shares of the information technology services provider’s stock valued at $9,204,000 after acquiring an additional 78,779 shares during the period. Finally, Millennium Management LLC grew its stake in Sabre by 1,057.1% in the third quarter. Millennium Management LLC now owns 4,248,540 shares of the information technology services provider’s stock valued at $7,775,000 after acquiring an additional 3,881,379 shares during the period. 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.