Sabre Co. (NASDAQ:SABR - Get Free Report) CFO Michael O. Randolfi acquired 50,000 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of $2.98 per share, with a total value of $149,000.00. Following the purchase, the chief financial officer now owns 587,665 shares in the company, valued at $1,751,241.70. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Sabre Price Performance
Shares of SABR opened at $2.65 on Tuesday. The business's fifty day moving average price is $2.47 and its 200 day moving average price is $3.42. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $5.76. The stock has a market capitalization of $1.01 billion, a PE ratio of -1.83 and a beta of 1.69.
Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $687.05 million during the quarter, compared to analysts' expectations of $707.89 million. As a group, research analysts anticipate that Sabre Co. will post -0.21 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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A number of research analysts have recently commented on SABR shares. Bank of America dropped their price objective on shares of Sabre from $4.50 to $3.00 and set a "neutral" rating for the company in a research note on Monday, April 15th. Cantor Fitzgerald started coverage on shares of Sabre in a research report on Wednesday, February 21st. They issued an "overweight" rating and a $5.00 price objective for the company. Mizuho decreased their price target 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, StockNews.com downgraded shares of Sabre from a "buy" rating to a "hold" rating in a research report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Sabre presently has a consensus rating of "Hold" and a consensus price target of $4.00.
Check Out Our Latest Analysis on Sabre
Institutional Investors Weigh In On Sabre
A number of hedge funds have recently added to or reduced their stakes in SABR. First Trust Direct Indexing L.P. bought a new stake in Sabre in the first quarter valued at $28,000. Robertson Stephens Wealth Management LLC bought a new stake in Sabre in the third quarter valued at $45,000. Sage Rhino Capital LLC bought a new stake in Sabre in the fourth quarter valued at $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 buying an additional 8,381 shares during the last quarter. Finally, FDx Advisors Inc. bought a new stake in Sabre in the third quarter valued at $52,000. 89.42% of the stock is currently owned by institutional investors.
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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