Sabre Co. (NASDAQ:SABR) Short Interest Update

Sabre Co. (NASDAQ:SABR) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 20,580,000 shares, a decline of 14.1% from the December 15th total of 23,960,000 shares. Based on an average daily trading volume, of 4,250,000 shares, the short-interest ratio is currently 4.8 days.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Sanford C. Bernstein restated an “underperform” rating and issued a $3.00 price target on shares of Sabre in a research note on Tuesday, November 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Sabre in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Sabre currently has an average rating of “Hold” and a consensus target price of $3.25.

Institutional Trading of Sabre

Several large investors have recently modified their holdings of SABR. Wellington Wealth Strategies LLC. bought a new position in Sabre in the 2nd quarter worth approximately $32,000. International Assets Investment Management LLC grew its stake in shares of Sabre by 267.0% in the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 6,582 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Sabre during the second quarter worth $34,000. Vanguard Personalized Indexing Management LLC acquired a new position in Sabre during the 2nd quarter valued at $35,000. Finally, Zacks Investment Management bought a new stake in shares of Sabre in the third quarter valued at about $41,000. 89.42% of the stock is owned by institutional investors.

Sabre Stock Up 3.1 %

Shares of Sabre stock traded up $0.10 during midday trading on Friday, hitting $3.34. The company’s stock had a trading volume of 4,349,124 shares, compared to its average volume of 3,889,562. The firm has a market capitalization of $1.29 billion, a P/E ratio of -4.23, a PEG ratio of 1.85 and a beta of 1.80. Sabre has a 1-year low of $1.81 and a 1-year high of $4.60. The stock has a 50-day simple moving average of $3.68 and a 200-day simple moving average of $3.39.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted ($0.10) earnings per share. As a group, sell-side analysts predict that Sabre will post -0.3 earnings per share for the current year.

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.