Sabre (NASDAQ:SABR) Stock Price Down 4.6%

Sabre Co. (NASDAQ:SABR) was down 4.6% during mid-day trading on Friday . The company traded as low as $5.01 and last traded at $5.01. Approximately 3,509,176 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 6,976,173 shares. The stock had previously closed at $5.25.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports 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. Sanford C. Bernstein raised shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price for the company in a research note on Monday, May 15th. StockNews.com started coverage on shares of Sabre in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $5.50 target price on shares of Sabre in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.75.

Sabre Price Performance

The firm’s 50 day moving average is $4.12 and its two-hundred day moving average is $4.17. The firm has a market capitalization of $1.65 billion, a P/E ratio of -3.02 and a beta of 1.83.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.08. The company had revenue of $737.53 million for the quarter, compared to the consensus estimate of $704.50 million. Analysts anticipate that Sabre Co. will post -0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sabre news, insider Sean E. Menke sold 100,000 shares of Sabre stock in a transaction on Friday, August 4th. The shares were sold at an average price of $5.01, for a total transaction of $501,000.00. Following the completion of the transaction, the insider now directly owns 1,867,340 shares of the company’s stock, valued at $9,355,373.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Michael O. Randolfi bought 50,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average price of $5.38 per share, with a total value of $269,000.00. Following the completion of the acquisition, the chief financial officer now owns 546,526 shares of the company’s stock, valued at $2,940,309.88. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Sean E. Menke sold 100,000 shares of Sabre stock in a transaction on Friday, August 4th. The stock was sold at an average price of $5.01, for a total value of $501,000.00. Following the sale, the insider now directly owns 1,867,340 shares of the company’s stock, valued at approximately $9,355,373.40. The disclosure for this sale can be found here. Insiders purchased a total of 175,000 shares of company stock valued at $936,250 over the last ninety days. 1.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sabre

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in shares of Sabre by 1,258.1% during the fourth quarter. Quadrant Capital Group LLC now owns 4,020 shares of the information technology services provider’s stock worth $25,000 after buying an additional 3,724 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Sabre by 63.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,182 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 3,563 shares in the last quarter. State of Wyoming acquired a new position in Sabre in the fourth quarter valued at about $31,000. Insigneo Advisory Services LLC acquired a new position in Sabre in the second quarter valued at about $33,000. Finally, PNC Financial Services Group Inc. raised its stake in Sabre by 69.0% in the second quarter. PNC Financial Services Group Inc. now owns 12,344 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 5,041 shares in the last quarter.

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.