Sabre (NASDAQ:SABR) Shares Gap Up to $2.90

Sabre Co. (NASDAQ:SABR)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $2.90, but opened at $3.14. Sabre shares last traded at $3.07, with a volume of 1,209,207 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Bank of America dropped their target price on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Cantor Fitzgerald initiated coverage on Sabre in a report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 price target for the company. Finally, Mizuho lowered their price target on Sabre from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.00.

Sabre Price Performance

The company’s 50-day moving average price is $2.48 and its two-hundred day moving average price is $3.45. The company has a market capitalization of $1.09 billion, a P/E ratio of -1.95 and a beta of 1.68.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $687.05 million for the quarter, compared to analysts’ expectations of $707.89 million. On average, analysts anticipate that Sabre Co. will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Sabre

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Capstone Investment Advisors LLC acquired a new stake in shares of Sabre in the first quarter valued at approximately $282,000. BNP Paribas Financial Markets raised its holdings in Sabre by 20.5% in the 1st quarter. BNP Paribas Financial Markets now owns 166,659 shares of the information technology services provider’s stock valued at $403,000 after acquiring an additional 28,369 shares in the last quarter. New Mexico Educational Retirement Board bought a new stake in shares of Sabre during the 1st quarter valued at $159,000. First Trust Direct Indexing L.P. acquired a new stake in shares of Sabre during the 1st quarter worth $28,000. Finally, Oxinas Partners Wealth Management LLC increased its position in shares of Sabre by 138.5% in the first quarter. Oxinas Partners Wealth Management LLC now owns 327,520 shares of the information technology services provider’s stock worth $793,000 after purchasing an additional 190,200 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.