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 days-to-cover ratio is presently 4.8 days.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SABR. Earnest Partners LLC lifted its stake in shares of Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after purchasing an additional 12,838,230 shares during the period. Erste Asset Management GmbH bought a new stake in Sabre in the 3rd quarter valued at about $36,185,000. JPMorgan Chase & Co. increased its position in Sabre by 375.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock valued at $5,615,000 after buying an additional 1,208,269 shares in the last quarter. Beaconlight Capital LLC increased its position in Sabre by 32.2% in the 3rd quarter. Beaconlight Capital LLC now owns 3,954,980 shares of the information technology services provider’s stock valued at $14,515,000 after buying an additional 962,665 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Sabre by 51.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock valued at $4,465,000 after buying an additional 570,197 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Price Performance

Shares of NASDAQ:SABR opened at $3.24 on Friday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -4.10, a P/E/G ratio of 1.85 and a beta of 1.80. The business’s 50-day moving average is $3.68 and its 200-day moving average is $3.39. Sabre has a 1 year low of $1.81 and a 1 year high of $4.60.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.10) earnings per share. Analysts anticipate that Sabre will post -0.3 EPS 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.