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

Sabre Co. (NASDAQ:SABR - Get Free Report) 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.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho cut their price objective on Sabre from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Monday, March 4th. Bank of America reduced their price objective 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 assumed coverage on shares of Sabre in a research report on Wednesday, February 21st. They issued an "overweight" rating and a $5.00 target price on the stock. Finally, StockNews.com cut shares of Sabre from a "buy" rating to a "hold" rating in a research note on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $4.00.

Sabre Trading Up 0.3 %

The company has a market cap of $1.10 billion, a PE ratio of -1.95 and a beta of 1.68. The business has a fifty day simple moving average of $2.48 and a two-hundred day simple moving average of $3.45.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share 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 analysts' expectations of $707.89 million. Equities analysts expect that Sabre Co. will post -0.21 EPS for the current year.

Institutional Investors Weigh In On Sabre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. purchased a new stake in shares of Sabre in the 1st quarter valued at approximately $28,000. Robertson Stephens Wealth Management LLC acquired a new position in Sabre during the 3rd quarter worth about $45,000. Sage Rhino Capital LLC purchased a new position in Sabre during the 4th quarter valued at about $45,000. International Assets Investment Management LLC grew its position in Sabre by 340.0% in the 4th quarter. International Assets Investment Management LLC now owns 10,846 shares of the information technology services provider's stock valued at $48,000 after acquiring an additional 8,381 shares in the last quarter. Finally, FDx Advisors Inc. purchased a new stake in Sabre during the third quarter worth about $52,000. 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.