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

Sabre Co. (NASDAQ:SABR) was the target of a significant decrease in short interest in 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 trading volume, of 4,250,000 shares, the days-to-cover ratio is presently 4.8 days.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Cantor Fitzgerald reissued 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. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. Finally, StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, Sabre presently has an average rating of “Hold” and an average price target of $3.25.

Institutional Trading of Sabre

Large investors have recently made changes to their positions in the company. Barclays PLC boosted its holdings in Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after acquiring an additional 267,778 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sabre by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after purchasing an additional 145,383 shares in the last quarter. Envestnet Asset Management Inc. grew 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 purchasing an additional 570,197 shares during the period. Earnest Partners LLC increased its stake in Sabre by 62.6% during 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 in the last quarter. Finally, Algert Global LLC raised its holdings in Sabre by 44.2% during the third quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock worth $1,609,000 after buying an additional 134,340 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Stock Down 3.6 %

Sabre stock traded down $0.12 during trading hours on Thursday, reaching $3.24. 3,473,819 shares of the company’s stock were exchanged, compared to its average volume of 3,384,282. The firm has a market capitalization of $1.25 billion, a PE ratio of -4.10, a PEG ratio of 1.85 and a beta of 1.80. The firm’s 50 day simple moving average is $3.69 and its 200 day simple moving average is $3.39. Sabre has a twelve month low of $1.81 and a twelve month high of $4.60.

Sabre (NASDAQ:SABR) last released its earnings results 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 company had revenue of $764.71 million for the quarter, compared to analyst estimates of $774.53 million. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) EPS. 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.