Sabre (NASDAQ:SABR) Shares Gap Down – Should You Sell?

Sabre Co. (NASDAQ:SABRGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $4.10, but opened at $3.68. Sabre shares last traded at $3.66, with a volume of 2,832,742 shares trading hands.

Sabre Stock Performance

The company has a market capitalization of $1.28 billion, a P/E ratio of -2.28 and a beta of 1.73. The business’s fifty day simple moving average is $3.34 and its 200-day simple moving average is $3.08.

Sabre (NASDAQ:SABRGet Free Report) last announced its quarterly earnings results on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $767.20 million during the quarter, compared to the consensus estimate of $752.54 million. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. As a group, analysts forecast that Sabre Co. will post -0.29 EPS for the current year.

Insider Transactions at Sabre

In other Sabre news, EVP Roshan Mendis purchased 19,230 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $3.08 per share, with a total value of $59,228.40. Following the acquisition, the executive vice president now owns 776,966 shares in the company, valued at approximately $2,393,055.28. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.32% of the company’s stock.

Institutional Trading of Sabre

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC bought a new stake in Sabre in the second quarter worth $26,000. First Trust Direct Indexing L.P. bought a new stake in Sabre in the first quarter worth $28,000. Triangle Securities Wealth Management bought a new stake in Sabre in the second quarter worth $29,000. Wellington Wealth Strategies LLC. bought a new stake in Sabre in the second quarter worth $32,000. Finally, International Assets Investment Management LLC lifted its position in Sabre by 267.0% in the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after buying an additional 6,582 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Company Profile

(Get Free Report)

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.

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