Sabre (NASDAQ:SABR) Shares Gap Up – Here’s Why

Sabre Co. (NASDAQ:SABR) gapped up before the market opened on Tuesday . The stock had previously closed at $3.93, but opened at $4.07. Sabre shares last traded at $4.04, with a volume of 866,572 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Cantor Fitzgerald reissued a “neutral” rating and issued a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. Finally, Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and boosted their target price for the company from $4.50 to $6.10 in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.03.

Sabre Price Performance

The company has a market cap of $1.60 billion, a PE ratio of -5.67, a PEG ratio of 2.43 and a beta of 1.79. The firm’s 50 day moving average is $3.58 and its 200 day moving average is $3.51.

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

Institutional Investors Weigh In On Sabre

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SABR. JPMorgan Chase & Co. increased its position in shares of Sabre by 375.5% in the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock valued at $5,615,000 after acquiring an additional 1,208,269 shares during the period. Geode Capital Management LLC increased its holdings in Sabre by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock valued at $33,335,000 after purchasing an additional 145,383 shares during the period. Barclays PLC increased its holdings in Sabre by 51.6% during the 3rd quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after purchasing an additional 267,778 shares during the period. Algert Global LLC raised its position in Sabre by 44.2% during the 3rd quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock valued at $1,609,000 after purchasing an additional 134,340 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Sabre by 65.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 991,631 shares of the information technology services provider’s stock worth $3,639,000 after buying an additional 390,621 shares during the period. 89.42% of the stock is currently owned by institutional investors.

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.