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

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

Sabre Trading Down 3.6 %

SABR stock traded down $0.12 during trading on Thursday, hitting $3.24. The company had a trading volume of 3,473,819 shares, compared to its average volume of 3,384,282. The company has a market cap of $1.25 billion, a P/E ratio of -4.10, a P/E/G ratio of 1.85 and a beta of 1.80. The company has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $3.39. Sabre has a fifty-two week low of $1.81 and a fifty-two week high of $4.60.

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

Institutional Trading of Sabre

A number of hedge funds have recently modified their holdings of the company. Earnest Partners LLC increased its stake in Sabre by 62.6% in the second 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 in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Sabre in the third quarter valued at approximately $36,185,000. JPMorgan Chase & Co. lifted its position in Sabre by 375.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock worth $5,615,000 after buying an additional 1,208,269 shares in the last quarter. Beaconlight Capital LLC boosted its position in Sabre by 32.2% during the third quarter. Beaconlight Capital LLC now owns 3,954,980 shares of the information technology services provider’s stock valued at $14,515,000 after purchasing an additional 962,665 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of 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 acquiring an additional 570,197 shares during the period. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SABR shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 target price (down previously from $5.00) on shares of Sabre in a research note on Tuesday, January 7th. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Finally, 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. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, Sabre currently has a consensus rating of “Hold” and an average price target of $3.25.

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.