Sabre (NASDAQ:SABR) Shares Cross Below 200-Day Moving Average – Time to Sell?

Sabre Corporation (NASDAQ:SABR) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Sabre Trading Up 2.3%

The firm has a market capitalization of $537.05 million, a price-to-earnings ratio of 1.11 and a beta of 1.07. The firm has a fifty day moving average price of $1.47 and a 200 day moving average price of $1.92.

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

Institutional Investors Weigh In On Sabre

A number of hedge funds have recently added to or reduced their stakes in SABR. Park Avenue Securities LLC bought a new position in shares of Sabre in the second quarter worth about $34,000. 626 Financial LLC acquired a new stake in shares of Sabre in the second quarter valued at approximately $35,000. MQS Management LLC bought a new position in Sabre in the 2nd quarter worth approximately $42,000. GSA Capital Partners LLP acquired a new position in Sabre during the 3rd quarter worth $32,000. Finally, Diligent Investors LLC acquired a new position in Sabre during the 3rd quarter worth $35,000. 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.