Sabre Co. (NASDAQ:SABR – Get 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:SABR – Get 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
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
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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