Sabre (NASDAQ:SABR) Shares Gap Down - What's Next?

Shares of Sabre Co. (NASDAQ:SABR - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $4.10, but opened at $3.68. Sabre shares last traded at $3.66, with a volume of 2,832,742 shares.

Sabre Stock Performance

The firm has a market cap of $1.23 billion, a PE ratio of -2.26 and a beta of 1.73. The stock's 50 day simple moving average is $3.34 and its 200 day simple moving average is $3.08.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. The business had revenue of $767.20 million during the quarter, compared to the consensus estimate of $752.54 million. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. The company's revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Sabre Co. will post -0.29 earnings per share for the current year.

Insider Activity at Sabre

In related news, EVP Roshan Mendis acquired 19,230 shares of the firm's stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $3.08 per share, for a total transaction of $59,228.40. Following the acquisition, the executive vice president now owns 776,966 shares of the company's stock, valued at $2,393,055.28. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sabre

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in Sabre by 4.4% during the second quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider's stock worth $206,000 after buying an additional 3,270 shares during the period. Xponance Inc. raised its holdings in Sabre by 15.5% in the second quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider's stock worth $74,000 after purchasing an additional 3,689 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Sabre by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 192,200 shares of the information technology services provider's stock worth $513,000 after acquiring an additional 4,300 shares during the last quarter. ProShare Advisors LLC grew its stake 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 acquiring an additional 4,580 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Sabre by 5.6% during the first quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider's stock worth $238,000 after acquiring an additional 5,225 shares during the last quarter. Institutional investors own 89.42% of the company's stock.

About Sabre

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.