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

Sabre Co. (NASDAQ:SABR) CFO Michael O. Randolfi acquired 50,000 shares of the business’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 transaction, the chief financial officer now directly owns 587,665 shares of the company’s stock, valued at approximately $1,751,241.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sabre Trading Up 2.7 %

NASDAQ SABR traded up $0.07 on Monday, reaching $2.65. The company’s stock had a trading volume of 4,311,895 shares, compared to its average volume of 5,486,743. The firm has a market cap of $1.01 billion, a PE ratio of -1.78 and a beta of 1.69. The business has a 50-day moving average price of $2.47 and a 200 day moving average price of $3.43. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $5.76.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data 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 business had revenue of $687.05 million for the quarter, compared to analysts’ expectations of $707.89 million. Analysts anticipate that Sabre Co. will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Sabre

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Sabre during the third quarter valued at approximately $416,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Sabre by 85.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 61,146 shares of the information technology services provider’s stock valued at $275,000 after purchasing an additional 28,154 shares during the last quarter. Raymond James & Associates grew its stake in shares of Sabre by 8.2% during the third quarter. Raymond James & Associates now owns 262,042 shares of the information technology services provider’s stock valued at $1,177,000 after purchasing an additional 19,774 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Sabre by 34.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,263 shares of the information technology services provider’s stock valued at $226,000 after purchasing an additional 13,002 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of Sabre during the third quarter valued at approximately $125,000. 89.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SABR. Bank of America cut their price objective on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Mizuho cut their price objective 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, Cantor Fitzgerald began coverage on shares of Sabre in a research report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Sabre currently has an average rating of “Hold” and an average price target 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.