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

Sabre Co. (NASDAQ:SABR) CFO Michael O. Randolfi bought 50,000 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $2.98 per share, for a total transaction of $149,000.00. Following the completion of the purchase, the chief financial officer now owns 587,665 shares of the company’s stock, valued at $1,751,241.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Sabre Trading Down 0.8 %

Shares of NASDAQ:SABR opened at $2.64 on Thursday. The company has a 50 day moving average of $2.47 and a 200 day moving average of $3.41. The stock has a market cap of $1.01 billion, a P/E ratio of -1.82 and a beta of 1.69. Sabre Co. has a 12 month low of $1.81 and a 12 month high of $5.76.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $687.05 million for the quarter, compared to analysts’ expectations of $707.89 million. On average, equities analysts forecast that Sabre Co. will post -0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

A number of institutional investors have recently added to or reduced their stakes in the business. Creative Planning grew its holdings in shares of Sabre by 0.5% during the third quarter. Creative Planning now owns 1,282,390 shares of the information technology services provider’s stock worth $5,758,000 after purchasing an additional 6,204 shares in the last quarter. Gotham Asset Management LLC bought a new stake in Sabre during the third quarter valued at approximately $404,000. Epoch Investment Partners Inc. purchased a new position in Sabre in the 3rd quarter worth approximately $1,173,000. Swiss National Bank increased its holdings in shares of Sabre by 2.0% in the 3rd quarter. Swiss National Bank now owns 656,800 shares of the information technology services provider’s stock worth $2,949,000 after buying an additional 13,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Sabre by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider’s stock valued at $179,201,000 after buying an additional 3,665,465 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SABR. Cantor Fitzgerald started coverage on Sabre in a research note on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 price objective on the stock. Bank of America lowered their price target on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. 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 report on Monday, March 4th. Finally, StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Sabre has an average rating of “Hold” and an average price target of $4.00.

Sabre Company Profile

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.