Shares of Sabre Co. (NASDAQ:SABR – Get Free Report) were down 5.4% on Tuesday after Mizuho lowered their price target on the stock from $4.00 to $3.00. Mizuho currently has a neutral rating on the stock. Sabre traded as low as $2.24 and last traded at $2.29. Approximately 1,150,556 shares traded hands during trading, a decline of 77% from the average daily volume of 5,020,181 shares. The stock had previously closed at $2.42.
Several other research analysts have also commented on SABR. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a report on Monday, February 19th. Bank of America raised Sabre from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $3.50 to $5.00 in a report on Monday, January 8th. Finally, Cantor Fitzgerald started coverage on Sabre in a report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 price objective for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Sabre currently has an average rating of “Hold” and a consensus price target of $4.40.
Insiders Place Their Bets
In other Sabre news, insider Sean E. Menke sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $4.00, for a total value of $200,000.00. Following the completion of the sale, the insider now owns 1,617,340 shares in the company, valued at $6,469,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 100,714 shares of company stock valued at $424,684 over the last quarter. 1.32% of the stock is owned by corporate insiders.
Institutional Trading of Sabre
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Sabre by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 41,643,643 shares of the information technology services provider’s stock worth $183,232,000 after acquiring an additional 1,732,513 shares during the last quarter. Discerene Group LP raised its stake in Sabre by 1.2% during the 4th quarter. Discerene Group LP now owns 16,167,025 shares of the information technology services provider’s stock valued at $71,135,000 after purchasing an additional 184,300 shares during the period. Apollo Management Holdings L.P. bought a new stake in Sabre during the 1st quarter valued at approximately $61,780,000. State Street Corp raised its stake in Sabre by 2.0% during the 2nd quarter. State Street Corp now owns 11,952,040 shares of the information technology services provider’s stock valued at $38,127,000 after purchasing an additional 238,096 shares during the period. Finally, Yiheng Capital Management L.P. grew its holdings in Sabre by 13.5% during the 2nd quarter. Yiheng Capital Management L.P. now owns 11,826,186 shares of the information technology services provider’s stock valued at $37,726,000 after buying an additional 1,404,444 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.
Sabre Stock Performance
The firm has a market cap of $831.06 million, a PE ratio of -1.40 and a beta of 1.78. The firm has a fifty day simple moving average of $3.91 and a two-hundred day simple moving average of $4.09.
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.