Sabre Co. (NASDAQ:SABR – Get Free Report)’s stock price was up 10.1% on Tuesday . The company traded as high as $3.71 and last traded at $3.69. Approximately 911,610 shares were traded during trading, a decline of 86% from the average daily volume of 6,561,011 shares. The stock had previously closed at $3.35.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on SABR shares. StockNews.com started coverage on Sabre in a research report on Thursday, October 5th. They set a “hold” rating for the company. Mizuho cut their price objective on Sabre from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, October 16th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $5.50 price objective on shares of Sabre in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Sabre has an average rating of “Hold” and a consensus price target of $4.50.
Sabre Stock Performance
Insider Buying and Selling at Sabre
In other Sabre news, insider Sean E. Menke sold 100,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 1,667,340 shares of the company’s stock, valued at approximately $8,453,413.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.32% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in Sabre by 63.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,182 shares of the information technology services provider’s stock worth $29,000 after buying an additional 3,563 shares during the period. State of Wyoming acquired a new stake in shares of Sabre during the 4th quarter worth $31,000. Insigneo Advisory Services LLC bought a new position in shares of Sabre in the second quarter worth $33,000. PNC Financial Services Group Inc. lifted its position in Sabre by 69.0% during the second quarter. PNC Financial Services Group Inc. now owns 12,344 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 5,041 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Sabre by 147.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,171 shares of the information technology services provider’s stock worth $44,000 after buying an additional 4,277 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.
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.
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