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

Shares of Sabre Co. (NASDAQ:SABR) gapped up before the market opened on Thursday . The stock had previously closed at $3.39, but opened at $3.56. Sabre shares last traded at $3.92, with a volume of 2,098,635 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SABR shares. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 target price (down from $5.00) on shares of Sabre in a research report on Tuesday, January 7th. Finally, Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.25.

Sabre Price Performance

The stock has a market capitalization of $1.51 billion, a PE ratio of -4.94, a P/E/G ratio of 2.06 and a beta of 1.79. The firm’s 50 day simple moving average is $3.52 and its 200 day simple moving average is $3.44.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Analysts expect that Sabre Co. will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

Several institutional investors have recently added to or reduced their stakes in SABR. Erste Asset Management GmbH purchased a new position in Sabre during the 3rd quarter valued at about $36,185,000. U S Global Investors Inc. bought a new stake in Sabre in the fourth quarter valued at $20,509,000. Arrowstreet Capital Limited Partnership boosted its holdings in Sabre by 831.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock valued at $21,388,000 after acquiring an additional 5,230,239 shares in the last quarter. Norges Bank bought a new position in Sabre in the 4th quarter worth $5,955,000. Finally, Cooper Creek Partners Management LLC raised its holdings in Sabre by 139.7% in the 4th quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider’s stock worth $9,629,000 after purchasing an additional 1,537,625 shares in 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.