Sabre (NASDAQ:SABR) Shares Down 3.8%

Shares of Sabre Co. (NASDAQ:SABR) traded down 3.8% on Wednesday . The company traded as low as $4.54 and last traded at $4.55. 549,859 shares were traded during trading, a decline of 92% from the average session volume of 6,859,507 shares. The stock had previously closed at $4.73.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Mizuho upped their target price on Sabre from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. StockNews.com initiated coverage on Sabre in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Morgan Stanley restated an “equal weight” rating and issued a $5.50 price objective on shares of Sabre in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Sabre currently has an average rating of “Hold” and an average target price of $4.75.

Sabre Trading Up 4.4 %

The stock has a market capitalization of $1.58 billion, a PE ratio of -2.90 and a beta of 1.78. The firm has a 50 day moving average price of $4.64 and a 200 day moving average price of $4.09.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.08. The business had revenue of $737.53 million during the quarter, compared to analysts’ expectations of $704.50 million. On average, equities research analysts expect that Sabre Co. will post -0.63 EPS for the current year.

Insiders Place Their Bets

In other Sabre news, EVP Ann J. Bruder purchased 25,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $5.33 per share, for a total transaction of $133,250.00. Following the purchase, the executive vice president now owns 242,517 shares of the company’s stock, valued at approximately $1,292,615.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Sean E. Menke sold 100,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $5.07, for a total transaction of $507,000.00. Following the completion of the transaction, the insider now owns 1,667,340 shares in the company, valued at $8,453,413.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ann J. Bruder acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $5.33 per share, with a total value of $133,250.00. Following the transaction, the executive vice president now owns 242,517 shares of the company’s stock, valued at $1,292,615.61. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 175,000 shares of company stock worth $936,250 and sold 300,000 shares worth $1,570,000. 1.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Sabre by 1.0% during the third quarter. Vanguard Group Inc. now owns 32,266,198 shares of the information technology services provider’s stock valued at $166,171,000 after purchasing an additional 332,077 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Sabre by 14.6% during the fourth quarter. Earnest Partners LLC now owns 17,863,053 shares of the information technology services provider’s stock valued at $110,394,000 after acquiring an additional 2,272,515 shares in the last quarter. Discerene Group LP raised its stake in shares of Sabre by 89.4% during the second quarter. Discerene Group LP now owns 15,521,610 shares of the information technology services provider’s stock valued at $49,514,000 after acquiring an additional 7,328,251 shares in the last quarter. Apollo Management Holdings L.P. purchased a new position in Sabre during the first quarter valued at approximately $61,780,000. Finally, State Street Corp increased its holdings in Sabre by 2.0% during the second quarter. State Street Corp now owns 11,952,040 shares of the information technology services provider’s stock valued at $38,127,000 after buying an additional 238,096 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Sabre Company Profile

Sabre Corporation, through its subsidiaries, provides software and technology solutions for the travel industry worldwide. It operates in 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.