Sabre Co. (NASDAQ:SABR) CEO Kurt Joseph Ekert Purchases 65,000 Shares

Sabre Co. (NASDAQ:SABR) CEO Kurt Joseph Ekert acquired 65,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $2.57 per share, with a total value of $167,050.00. Following 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 legal filing with the SEC, which can be accessed through this hyperlink.

Sabre Stock Up 3.2 %

Shares of SABR traded up $0.09 on Friday, hitting $2.89. The company’s stock had a trading volume of 728,988 shares, compared to its average volume of 5,428,296. The firm’s fifty day moving average price is $2.48 and its 200-day moving average price is $3.40. Sabre Co. has a fifty-two week low of $1.81 and a fifty-two week high of $5.76. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -1.93 and a beta of 1.69.

Sabre (NASDAQ:SABR) last released its quarterly 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 firm had revenue of $687.05 million for the quarter, compared to the consensus estimate of $707.89 million. As a group, equities analysts predict that Sabre Co. will post -0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SABR. Creative Planning lifted its position in Sabre by 0.5% during the 3rd quarter. Creative Planning now owns 1,282,390 shares of the information technology services provider’s stock worth $5,758,000 after buying an additional 6,204 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of Sabre during the 3rd quarter worth approximately $404,000. Epoch Investment Partners Inc. acquired a new stake in shares of Sabre in the 3rd quarter valued at approximately $1,173,000. Swiss National Bank grew its stake in shares of Sabre by 2.0% in the third quarter. Swiss National Bank now owns 656,800 shares of the information technology services provider’s stock valued at $2,949,000 after buying an additional 13,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Sabre by 10.1% during the third quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider’s stock worth $179,201,000 after buying an additional 3,665,465 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors.

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.