Sabre (NASDAQ:SABR) Trading Up 5.1%

Shares of Sabre Co. (NASDAQ:SABRGet Free Report) were up 5.1% on Monday . The company traded as high as $2.92 and last traded at $2.91. Approximately 1,881,076 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 4,896,750 shares. The stock had previously closed at $2.77.

Wall Street Analysts Forecast Growth

SABR has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Bank of America decreased their target price on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.13.

Check Out Our Latest Analysis on SABR

Sabre Trading Up 0.7 %

The company’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $3.12. The company has a market cap of $1.13 billion, a P/E ratio of -2.05 and a beta of 1.72.

Sabre (NASDAQ:SABRGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The information technology services provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business had revenue of $782.89 million for the quarter, compared to the consensus estimate of $751.02 million. Equities analysts forecast that Sabre Co. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at Sabre

In other news, CEO Kurt Joseph Ekert bought 65,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $2.57 per share, with a total value of $167,050.00. Following the completion of the transaction, the chief executive officer now directly owns 1,155,909 shares in the company, valued at approximately $2,970,686.13. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Michael O. Randolfi purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $2.98 per share, for a total transaction of $149,000.00. Following the completion of the acquisition, the chief financial officer now owns 587,665 shares in the company, valued at approximately $1,751,241.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kurt Joseph Ekert purchased 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $2.57 per share, with a total value of $167,050.00. Following the completion of the acquisition, the chief executive officer now owns 1,155,909 shares of the company’s stock, valued at approximately $2,970,686.13. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 135,000 shares of company stock valued at $368,650. 1.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Sabre

Several institutional investors have recently made changes to their positions in the stock. Sage Rhino Capital LLC acquired a new stake in Sabre in the fourth quarter valued at approximately $45,000. International Assets Investment Management LLC lifted its stake in Sabre by 340.0% in the fourth quarter. International Assets Investment Management LLC now owns 10,846 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 8,381 shares during the last quarter. Triangle Securities Wealth Management acquired a new stake in Sabre in the second quarter valued at approximately $29,000. First Trust Direct Indexing L.P. acquired a new stake in Sabre in the first quarter valued at approximately $28,000. Finally, RPO LLC acquired a new stake in Sabre in the fourth quarter valued at approximately $81,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Company Profile

(Get Free Report)

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.

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