Sabre (SABR) Shares Gap Down to $20.95

Shares of Sabre Corp (NASDAQ:SABR) gapped down before the market opened on Friday . The stock had previously closed at $21.56, but opened at $20.95. Sabre shares last traded at $20.89, with a volume of 886400 shares changing hands.

Several research firms have recently commented on SABR. Evercore ISI lowered shares of Sabre from an “outperform” rating to an “underperform” rating in a research report on Friday. Oppenheimer reaffirmed a “buy” rating and set a $24.00 price target on shares of Sabre in a research report on Wednesday, November 1st. TheStreet raised shares of Sabre from a “c” rating to a “b-” rating in a research report on Monday, November 27th. Zacks Investment Research raised shares of Sabre from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. Finally, Cowen set a $23.00 price target on shares of Sabre and gave the company a “buy” rating in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.63.

The company has a market capitalization of $5,610.00, a PE ratio of 29.61, a PEG ratio of 5.14 and a beta of 0.76. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.89 and a current ratio of 0.89.

Sabre (NASDAQ:SABR) last announced its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The company had revenue of $900.60 million for the quarter, compared to analyst estimates of $884.04 million. Sabre had a return on equity of 53.97% and a net margin of 5.22%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. research analysts forecast that Sabre Corp will post 1.22 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, December 21st were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, December 20th. Sabre’s payout ratio is 81.16%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank raised its position in Sabre by 2.1% in the second quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 254 shares during the period. Utah Retirement Systems raised its position in Sabre by 1.1% in the second quarter. Utah Retirement Systems now owns 38,100 shares of the information technology services provider’s stock valued at $830,000 after purchasing an additional 400 shares during the period. GSA Capital Partners LLP raised its position in Sabre by 6.9% in the second quarter. GSA Capital Partners LLP now owns 16,780 shares of the information technology services provider’s stock valued at $365,000 after purchasing an additional 1,080 shares during the period. Advisor Group Inc. raised its position in Sabre by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after purchasing an additional 2,029 shares during the period. Finally, Verition Fund Management LLC increased its position in shares of Sabre by 10.4% during the second quarter. Verition Fund Management LLC now owns 26,118 shares of the information technology services provider’s stock worth $569,000 after acquiring an additional 2,467 shares during the period.

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About Sabre

Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.

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