First Bank & Trust Invests $91,000 in Sabre Co. (NASDAQ:SABR)

First Bank & Trust acquired a new position in shares of Sabre Co. (NASDAQ:SABR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 28,400 shares of the information technology services provider’s stock, valued at approximately $91,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Commerce Bank raised its holdings in shares of Sabre by 6.5% during the first quarter. Commerce Bank now owns 94,662 shares of the information technology services provider’s stock worth $406,000 after purchasing an additional 5,758 shares during the last quarter. Covenant Partners LLC purchased a new position in shares of Sabre during the first quarter worth $105,000. Caprock Group LLC purchased a new position in shares of Sabre during the first quarter worth $43,000. SG Americas Securities LLC raised its holdings in shares of Sabre by 342.0% during the first quarter. SG Americas Securities LLC now owns 306,000 shares of the information technology services provider’s stock worth $1,313,000 after purchasing an additional 236,765 shares during the last quarter. Finally, Oxinas Partners Wealth Management LLC raised its holdings in shares of Sabre by 159.9% during the first quarter. Oxinas Partners Wealth Management LLC now owns 373,830 shares of the information technology services provider’s stock worth $1,604,000 after purchasing an additional 229,990 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling

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

Sabre Stock Down 2.8 %

Shares of NASDAQ SABR opened at $4.49 on Tuesday. The company’s 50-day simple moving average is $4.68 and its 200-day simple moving average is $4.07. Sabre Co. has a 52-week low of $2.99 and a 52-week high of $7.92. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -2.74 and a beta of 1.78.

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

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.