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

Sabre Corporation (NASDAQ:SABR) gapped up before the market opened on Monday . The stock had previously closed at $1.18, but opened at $1.30. Sabre shares last traded at $1.4850, with a volume of 7,377,060 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $2.00 price objective on shares of Sabre in a research report on Thursday, February 19th. Wall Street Zen cut Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research raised shares of Sabre from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sabre in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.40.

Sabre Trading Up 30.9%

The stock’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $1.58. The company has a market capitalization of $610.54 million, a price-to-earnings ratio of 1.34 and a beta of 1.02.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Wednesday, February 18th. The information technology services provider reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The business had revenue of $666.53 million during the quarter, compared to analyst estimates of $654.08 million. On average, analysts anticipate that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oak Thistle LLC purchased a new position in shares of Sabre during the 4th quarter worth $27,000. GSA Capital Partners LLP purchased a new stake in Sabre in the 3rd quarter valued at about $32,000. Diligent Investors LLC acquired a new position in shares of Sabre during the 3rd quarter valued at about $35,000. Caprock Group LLC acquired a new stake in shares of Sabre in the third quarter worth approximately $43,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Sabre by 970.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 22,361 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

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.