Sabre Co. (NASDAQ:SABR) CFO Buys $149,000.00 in Stock

Sabre Co. (NASDAQ:SABR) CFO Michael O. Randolfi bought 50,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $2.98 per share, with a total value of $149,000.00. Following the completion of the purchase, the chief financial officer now owns 587,665 shares in the company, valued at approximately $1,751,241.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sabre Stock Up 2.7 %

Shares of SABR stock traded up $0.07 during mid-day trading on Monday, hitting $2.65. 4,311,895 shares of the company’s stock were exchanged, compared to its average volume of 5,486,743. Sabre Co. has a fifty-two week low of $1.81 and a fifty-two week high of $5.76. The stock has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $3.43. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -1.78 and a beta of 1.69.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share 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 analyst estimates of $707.89 million. As a group, analysts anticipate that Sabre Co. will post -0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Sabre by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 41,643,643 shares of the information technology services provider’s stock worth $183,232,000 after buying an additional 1,732,513 shares during the period. Discerene Group LP raised its position in shares of Sabre by 1.2% in the 4th quarter. Discerene Group LP now owns 16,167,025 shares of the information technology services provider’s stock worth $71,135,000 after buying an additional 184,300 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Sabre by 4.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,546,160 shares of the information technology services provider’s stock worth $24,403,000 after buying an additional 250,796 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Sabre by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,115,032 shares of the information technology services provider’s stock worth $22,506,000 after buying an additional 50,597 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Sabre by 89.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,727,334 shares of the information technology services provider’s stock worth $16,400,000 after buying an additional 1,761,499 shares during the period. 89.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America lowered their price target on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Cantor Fitzgerald began coverage on Sabre in a report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 target price on the stock. StockNews.com cut Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, Mizuho lowered their target price on Sabre from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Monday, March 4th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.00.

About Sabre

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.