Sabre (NASDAQ:SABR) Shares Gap Up – Should You Buy?

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.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SABR shares. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price target on shares of Sabre in a research note on Tuesday, November 19th. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 price objective on shares of Sabre in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sabre presently has a consensus rating of “Hold” and a consensus price target of $3.25.

Sabre Trading Up 8.9 %

The company has a market capitalization of $1.74 billion, a P/E ratio of -6.28, a P/E/G ratio of 2.43 and a beta of 1.79. The business’s fifty day moving average price is $3.54 and its 200-day moving average price is $3.45.

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). The business had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. As a group, equities research analysts forecast that Sabre Co. will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Sabre

Several hedge funds and other institutional investors have recently modified their holdings of SABR. Erste Asset Management GmbH purchased a new position in shares of Sabre during the third quarter valued at about $36,185,000. U S Global Investors Inc. purchased a new position in shares of Sabre during the fourth quarter valued at about $20,509,000. Arrowstreet Capital Limited Partnership increased its position in shares of Sabre by 831.0% during 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 buying an additional 5,230,239 shares during the period. Norges Bank purchased a new position in shares of Sabre during the fourth quarter valued at about $5,955,000. Finally, Cooper Creek Partners Management LLC grew its holdings in Sabre by 139.7% in the fourth 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 during the period. 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.