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

Sabre Co. (NASDAQ:SABR) gapped up before the market opened 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.

Analyst Ratings Changes

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

Sabre Stock Down 11.3 %

The company has a market capitalization of $979.08 million, a P/E ratio of -1.78 and a beta of 1.69. The business’s 50-day moving average is $2.47 and its two-hundred day moving average is $3.43.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, February 15th. The information technology services provider reported ($0.16) EPS 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. Analysts predict that Sabre Co. will post -0.21 EPS for the current year.

Institutional Trading of Sabre

A number of hedge funds have recently bought and sold shares of SABR. Capstone Investment Advisors LLC purchased a new stake in shares of Sabre during the 1st quarter valued at $282,000. BNP Paribas Financial Markets grew its position in Sabre by 20.5% during the first quarter. BNP Paribas Financial Markets now owns 166,659 shares of the information technology services provider’s stock valued at $403,000 after buying an additional 28,369 shares during the period. New Mexico Educational Retirement Board purchased a new stake in Sabre during the first quarter worth about $159,000. First Trust Direct Indexing L.P. bought a new stake in Sabre in the first quarter worth about $28,000. Finally, Oxinas Partners Wealth Management LLC boosted its stake in 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 valued at $793,000 after acquiring an additional 190,200 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors.

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.