Sabre (NASDAQ:SABR) Shares Gap Up - Time to Buy?

Sabre Co. (NASDAQ:SABR - Get Free Report) shares gapped up prior to trading 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 trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SABR shares. Cantor Fitzgerald restated a "neutral" rating and issued a $4.00 price target on shares of Sabre in a report on Friday. StockNews.com raised Sabre from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Sanford C. Bernstein reiterated an "underperform" rating and set a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $3.25.

Sabre Trading Down 5.1 %

The company has a market cap of $1.66 billion, a PE ratio of -5.96, a P/E/G ratio of 2.43 and a beta of 1.79. The firm's 50-day simple moving average is $3.54 and its two-hundred day simple moving average is $3.46.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analysts' expectations of $716.60 million. As a group, analysts predict that Sabre Co. will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Sabre

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Sabre by 375.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider's stock worth $5,615,000 after buying an additional 1,208,269 shares during the period. Geode Capital Management LLC grew its position in shares of Sabre by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider's stock valued at $33,335,000 after purchasing an additional 145,383 shares during the period. Barclays PLC increased its stake in shares of Sabre by 51.6% during the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider's stock worth $2,885,000 after purchasing an additional 267,778 shares in the last quarter. Algert Global LLC raised its position in shares of Sabre by 44.2% during the 3rd quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider's stock worth $1,609,000 after purchasing an additional 134,340 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Sabre by 65.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 991,631 shares of the information technology services provider's stock valued at $3,639,000 after buying an additional 390,621 shares in the last quarter. 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.