Sabre (NASDAQ:SABR) Shares Gap Down – Time to Sell?

Sabre Corporation (NASDAQ:SABR)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $1.72, but opened at $1.6140. Sabre shares last traded at $1.6050, with a volume of 1,414,054 shares traded.

Analyst Ratings Changes

SABR has been the topic of several research analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $1.50 price objective on shares of Sabre in a research note on Tuesday, March 3rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $2.00 target price on shares of Sabre in a report on Thursday, February 19th. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings raised shares of Sabre from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $1.97.

Sabre Price Performance

The company has a fifty day moving average price of $1.66 and a two-hundred day moving average price of $1.52. The company has a market capitalization of $642.38 million, a P/E ratio of 1.49 and a beta of 1.01.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $760.33 million during the quarter, compared to the consensus estimate of $739.02 million. As a group, sell-side analysts forecast that Sabre Corporation will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Sabre by 46.9% in the first quarter. Royal Bank of Canada now owns 174,893 shares of the information technology services provider’s stock worth $491,000 after purchasing an additional 55,840 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sabre by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock worth $639,000 after purchasing an additional 9,923 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Sabre during the 1st quarter worth about $140,000. Jones Financial Companies Lllp lifted its holdings in Sabre by 265.7% during the 1st quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider’s stock worth $806,000 after buying an additional 208,371 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Sabre during the first quarter worth about $80,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

About Sabre

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.