Sabre (NASDAQ:SABR) Stock Price Down 4.5%

Sabre Co. (NASDAQ:SABR)’s stock price was down 4.5% during trading on Friday . The company traded as low as $2.55 and last traded at $2.56. Approximately 798,863 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 4,916,856 shares. The stock had previously closed at $2.68.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SABR shares. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Mizuho cut their target price on shares of Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday, March 4th. Finally, Bank of America decreased their price target on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.13.

Sabre Trading Down 0.4 %

The stock has a 50 day moving average of $2.86 and a 200-day moving average of $3.22. The company has a market capitalization of $1.02 billion, a P/E ratio of -1.79 and a beta of 1.75.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, May 2nd. 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 firm had revenue of $782.89 million during the quarter, compared to the consensus estimate of $751.02 million. As a group, sell-side analysts expect that Sabre Co. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sabre news, EVP Ann J. Bruder acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of $2.63 per share, with a total value of $52,600.00. Following the completion of the purchase, the executive vice president now directly owns 262,517 shares in the company, valued at approximately $690,419.71. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Karl Mr. Peterson sold 10,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $2.79, for a total transaction of $27,900.00. Following the completion of the transaction, the director now directly owns 134,655 shares of the company’s stock, valued at $375,687.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann J. Bruder purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $2.63 per share, for a total transaction of $52,600.00. Following the purchase, the executive vice president now owns 262,517 shares in the company, valued at $690,419.71. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 135,000 shares of company stock worth $368,650. Corporate insiders own 1.32% of the company’s stock.

Institutional Investors Weigh In On Sabre

Several large investors have recently made changes to their positions in SABR. First Trust Direct Indexing L.P. purchased a new position in Sabre during the 1st quarter valued at approximately $28,000. Sage Rhino Capital LLC purchased a new stake in Sabre during the fourth quarter valued at $45,000. International Assets Investment Management LLC raised its stake in Sabre by 340.0% during 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 purchasing an additional 8,381 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in shares of Sabre by 43.3% in the 3rd quarter. Insigneo Advisory Services LLC now owns 14,757 shares of the information technology services provider’s stock worth $66,000 after buying an additional 4,457 shares in the last quarter. Finally, EntryPoint Capital LLC increased its holdings in shares of Sabre by 301.4% in the 1st quarter. EntryPoint Capital LLC now owns 29,129 shares of the information technology services provider’s stock worth $70,000 after buying an additional 21,872 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

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.