Sabre (NASDAQ:SABR) Shares Gap Down – Should You Sell?

Sabre Corporation (NASDAQ:SABR) shares gapped down prior to trading 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 trading hands.

Analyst Ratings Changes

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

Sabre Price Performance

The stock has a 50-day moving average of $1.66 and a 200-day moving average of $1.52. The firm has a market cap of $642.38 million, a price-to-earnings ratio of 1.49 and a beta of 1.01.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $760.33 million during the quarter, compared to analyst estimates of $739.02 million. On average, equities analysts expect that Sabre Corporation will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Sabre

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

Sabre Company Profile

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.