Sabre (NASDAQ:SABR) Shares Gap Up – Should You Buy?

Sabre Co. (NASDAQ:SABR) shares gapped up prior to trading on Thursday . The stock had previously closed at $3.39, but opened at $3.56. Sabre shares last traded at $3.92, with a volume of 2,098,635 shares traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SABR. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday. Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $4.00 price objective on shares of Sabre in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3.25.

Sabre Stock Performance

The business’s fifty day moving average price is $3.54 and its two-hundred day moving average price is $3.45. The stock has a market capitalization of $1.74 billion, a P/E ratio of -6.28, a P/E/G ratio of 2.43 and a beta of 1.79.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. As a group, analysts forecast that Sabre Co. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC increased its stake in Sabre by 24.5% during the 3rd quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 3,116 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Sabre by 8.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider’s stock worth $146,000 after buying an additional 3,142 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Sabre by 5.9% during the fourth quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider’s stock worth $209,000 after buying an additional 3,195 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Sabre by 12.9% during the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock worth $171,000 after buying an additional 5,323 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in Sabre by 22.1% during the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock worth $109,000 after buying an additional 5,395 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Company Profile

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.