It is currently trading at $19.56 which is marginally higher than the 50 day moving average which is $18.23 and barely below the 200 day moving average of $20.65. The 50 day moving average went up $1.33 or +7.31% whereas the 200 day moving average was down $-1.09 or -5.27%. Trading volume for Sabre Corporation was 4,384K by the end of trading on Tuesday. Overall, volume was up 169.96% over the stocks normal daily volume.
Short traders are feeling a little more bullish on shares of the company considering the downtick in short interest. The firm had a fall in short interest of -1.01% as of October 13, 2017 from the last reporting period. Short interest fell 221,100 over that timeframe. With short interest at 21,700,694 and short average daily volume at 1,536,027, days to cover is 14.0 and the short interest percentage is 0.08% as of October 13.
A few notable investment firms have updated their holdings. Pictet Asset Management Ltd augmented its stake by buying 2,400 shares an increase of 3.5% in the quarter. Pictet Asset Management Ltd now controls 71,700 shares worth $1,298,000. The value of the position overall is down by 16.5%. As of the end of the quarter Regions Financial Corp had bought 6,889 shares growing its stake by 5.9%. The value of the investment in Sabre Corporation went from $2,559,000 to $2,252,000 decreasing 12.0% quarter to quarter.
Korea Investment Corp reduced its position by shedding 8,700 shares a decrease of 76.3%. Korea Investment Corp now holds 2,700 shares with a value of $49,000. The total value of its holdings decreased 80.2%. As of quarter end Aperio Group, LLC had disposed of a total of 11,761 shares trimming its holdings by 39.8%. The value of the company’s investment in Sabre Corporation decreased from $643,000 to $322,000 a change of 49.9% since the last quarter.
Equity analyst Goldman Sachs downgraded the stock and lowered the price target on September 11 changing the price objective from $37.00 to $20.00 and cutting 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’s P/E ratio is 41.27 and the market cap is 5.45B. As of the last earnings report the EPS was $0.47 and is projected to be $1.35 for the current year with 278,678,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.29 and the next full year EPS is anticipated 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..