Sabre Corp (NASDAQ:SABR) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 49,580,000 shares, an increase of 49.9% from the August 15th total of 33,080,000 shares. Based on an average daily trading volume, of 8,050,000 shares, the short-interest ratio is currently 6.2 days.
Several analysts have recently commented on the company. ValuEngine upgraded Sabre from a “buy” rating to a “strong-buy” rating in a report on Monday, August 17th. BidaskClub upgraded Sabre from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered Sabre from a “hold” rating to a “strong sell” rating and set a $9.00 price objective for the company. in a report on Thursday, July 16th. Finally, Oppenheimer reiterated a “hold” rating on shares of Sabre in a report on Wednesday, September 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.33.
SABR stock traded up $0.06 during midday trading on Monday, reaching $6.95. The stock had a trading volume of 13,000 shares, compared to its average volume of 7,862,748. The stock has a market cap of $1.90 billion, a PE ratio of -3.25 and a beta of 1.67. The company has a debt-to-equity ratio of 14.14, a quick ratio of 2.27 and a current ratio of 2.27. The firm has a fifty day simple moving average of $7.56 and a two-hundred day simple moving average of $7.81. Sabre has a 52-week low of $3.30 and a 52-week high of $23.86.
Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Friday, August 7th. The information technology services provider reported ($1.30) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.46). The company had revenue of $83.00 million for the quarter, compared to analyst estimates of $162.78 million. Sabre had a negative return on equity of 51.05% and a negative net margin of 21.85%. Sabre’s revenue for the quarter was down 91.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. On average, sell-side analysts predict that Sabre will post -2.87 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in SABR. ETF Managers Group LLC acquired a new stake in Sabre during the 1st quarter worth about $27,000. Acadian Asset Management LLC acquired a new stake in Sabre during the 1st quarter worth about $30,000. US Bancorp DE grew its position in Sabre by 137.3% during the 1st quarter. US Bancorp DE now owns 5,325 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 3,081 shares during the period. First Bank & Trust acquired a new stake in Sabre during the 2nd quarter worth about $36,000. Finally, Advisor Group Holdings Inc. acquired a new stake in Sabre during the 1st quarter worth about $38,000. 95.06% of the stock is currently owned by institutional investors.
Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network segment operates as 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.
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