4,384K shares changed hands on Tuesday. Trading volume was up 169.96% over the stocks average daily volume.
Short traders are feeling a little more bullish on shares of Sabre Corporation if you watch the motion in short interest. The company saw a fall in short interest between September 29, 2017 and October 13, 2017 of -1.01%. Short shares fell from 21,921,794 to 21,700,694 over that timeframe. With short interest at 21,700,694 and short average daily volume at 1,536,027, the short-interest ratio is 14.0 and the percentage of shorted shares was 0.08% on October 13.
These funds have shifted positions in (SABR). As of the end of the quarter Pictet Asset Management Ltd had bought a total of 2,400 shares growing its holdings by 3.5%. The value of the investment in (SABR) decreased from $1,554,000 to $1,298,000 a change of 16.5% since the last quarter. Regions Financial Corp bolstered its position by buying 6,889 shares an increase of 5.9%. Regions Financial Corp claims 124,422 shares valued at $2,252,000. The total value of its holdings decreased 12.0%.
Korea Investment Corp trimmed its investment by shedding 8,700 shares a decrease of 76.3% from 06/30/2017 to 09/30/2017. Korea Investment Corp owns 2,700 shares with a value of $49,000. The value of the position overall is down by 80.2%. As of quarter end Aperio Group, LLC had disposed of 11,761 shares trimming its stake by 39.8%. The value in dollars went from $643,000 to $322,000 a change of $321,000 quarter to quarter.
Goldman Sachs lowered the price target and downgraded the stock on September 11 changing the price target from $37.00 to $20.00 and changing the rating from “Buy” to “Neutral”. On September 11 the stock rating was downgraded to “Neutral” from “Buy” with a current price target of $20.00 in an announcement from Goldman Sachs.
The company is up by 7.77% since yesterday’s close of $19.56. It is trading at $19.56 which is marginally higher than $18.23, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $20.65. The 50 day moving average was up by +7.31% and the 200 day average went down by -5.27%.
The P/E ratio is 41.27 and market capitalization is 5.45B. In the latest earnings report the EPS was $0.47 and is estimated to be $1.35 for the current year with 278,678,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.29 with next year’s EPS projected to be $1.45.
Sabre Corporation, launched on December 11, 2006, is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers. Its Airline and Hospitality Solutions business offers a portfolio of software technology products and solutions, through software-as-a-service (SaaS) and hosted delivery model, to airlines, hoteliers and other travel suppliers. The Company connects travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a travel marketplace. The Company also offers travel suppliers a suite of software solutions, ranging from airline and hotel reservations systems to marketing and operations solutions, such as planning airline crew schedules, re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations..Advertisement