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

Sabre Co. (NASDAQ:SABR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $3.79, but opened at $3.57. Sabre shares last traded at $3.41, with a volume of 974,451 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SABR shares. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a report on Tuesday. One equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.50.

Sabre Trading Down 1.6 %

The stock’s fifty day moving average price is $3.50 and its two-hundred day moving average price is $3.16.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. During the same period in the prior year, the business posted ($0.10) EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts forecast that Sabre Co. will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UniSuper Management Pty Ltd acquired a new position in Sabre during the 1st quarter worth approximately $784,000. ProShare Advisors LLC increased its holdings in shares of Sabre by 7.2% during the first quarter. ProShare Advisors LLC now owns 67,840 shares of the information technology services provider’s stock worth $164,000 after buying an additional 4,580 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Sabre during the first quarter worth $3,463,000. Envestnet Asset Management Inc. lifted its stake in shares of Sabre by 51.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,672,298 shares of the information technology services provider’s stock valued at $4,465,000 after acquiring an additional 570,197 shares during the last quarter. Finally, Earnest Partners LLC boosted its holdings in shares of Sabre by 62.6% during the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after acquiring an additional 12,838,230 shares in the last quarter. Institutional investors and hedge funds 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.