Short Interest in Sabre Co. (NASDAQ:SABR) Decreases By 14.1%

Sabre Co. (NASDAQ:SABR) saw a significant decline in short interest during 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 trading volume of 4,250,000 shares, the short-interest ratio is presently 4.8 days.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 price target (down previously from $5.00) on shares of Sabre in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, Sabre presently has a consensus rating of “Hold” and a consensus target price of $3.25.

Sabre Price Performance

Shares of Sabre stock traded up $0.10 on Friday, hitting $3.34. 4,349,124 shares of the company’s stock traded hands, compared to its average volume of 3,889,562. Sabre has a one year low of $1.81 and a one year high of $4.60. The stock has a market capitalization of $1.29 billion, a PE ratio of -4.23, a price-to-earnings-growth ratio of 1.85 and a beta of 1.80. The firm’s 50-day moving average price is $3.68 and its two-hundred day moving average price is $3.39.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. During the same quarter in the prior year, the company posted ($0.10) EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts forecast that Sabre will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SABR. Wellington Wealth Strategies LLC. bought a new position in Sabre during the second quarter worth about $32,000. International Assets Investment Management LLC raised its position in shares of Sabre by 267.0% during 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 purchasing an additional 6,582 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Sabre during the second quarter worth about $34,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Sabre during the 2nd quarter valued at about $35,000. Finally, Zacks Investment Management acquired a new position in shares of Sabre in the 3rd quarter valued at approximately $41,000. Institutional investors own 89.42% of the company’s stock.

Sabre Company Profile

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.