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 traded.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SABR. Cantor Fitzgerald started coverage on Sabre in a research report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 price target on the stock. Bank of America reduced their target price on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Mizuho decreased their price target on shares of Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Finally, StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.00.

Sabre Price Performance

The business has a 50 day moving average price of $2.47 and a 200 day moving average price of $3.43. The stock has a market capitalization of $979.08 million, a PE ratio of -1.78 and a beta of 1.69.

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

Institutional Investors Weigh In On Sabre

A number of institutional investors have recently made changes to their positions in SABR. Nisa Investment Advisors LLC boosted its stake in Sabre by 28.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 17,970 shares of the information technology services provider’s stock valued at $81,000 after purchasing an additional 3,977 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in Sabre by 43.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 14,757 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 4,457 shares during the period. Diversified Trust Co boosted its holdings in shares of Sabre by 6.1% during the 4th quarter. Diversified Trust Co now owns 91,682 shares of the information technology services provider’s stock valued at $403,000 after acquiring an additional 5,292 shares during the last quarter. Bouvel Investment Partners LLC grew its stake in shares of Sabre by 2.3% in the fourth quarter. Bouvel Investment Partners LLC now owns 243,594 shares of the information technology services provider’s stock worth $1,072,000 after acquiring an additional 5,440 shares during the period. Finally, Creative Planning raised its holdings in shares of Sabre by 0.5% during the third quarter. Creative Planning now owns 1,282,390 shares of the information technology services provider’s stock valued at $5,758,000 after purchasing an additional 6,204 shares during the last quarter. Hedge funds and other institutional investors 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.