Sabre (NASDAQ:SABR) Trading Down 4.5%

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Bank of America dropped their price target on Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Finally, Mizuho dropped their price target on Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.13.

Sabre Trading Down 0.4 %

The company has a fifty day moving average price of $2.86 and a 200-day moving average price of $3.20.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, May 2nd. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $782.89 million for the quarter, compared to analysts’ expectations of $751.02 million. As a group, equities research analysts predict that Sabre Co. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at Sabre

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

Institutional Trading of Sabre

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. purchased a new stake in Sabre during the 1st quarter valued at $28,000. Sage Rhino Capital LLC purchased a new stake in Sabre during the 4th quarter valued at $45,000. International Assets Investment Management LLC raised its holdings in Sabre by 340.0% during the 4th 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 period. Insigneo Advisory Services LLC raised its holdings in Sabre by 43.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 14,757 shares of the information technology services provider’s stock valued at $66,000 after buying an additional 4,457 shares during the period. Finally, EntryPoint Capital LLC increased its stake in Sabre by 301.4% in the first quarter. EntryPoint Capital LLC now owns 29,129 shares of the information technology services provider’s stock worth $70,000 after purchasing an additional 21,872 shares during the period. 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.