Sabre (NASDAQ:SABR) Rating Increased to Buy at StockNews.com

Sabre (NASDAQ:SABR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also issued reports about the company. Bank of America cut their target price on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Cantor Fitzgerald initiated coverage on Sabre in a research report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 target price on the stock. Finally, Mizuho cut their target price on Sabre from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Sabre has an average rating of “Hold” and a consensus target price of $4.13.

Sabre Stock Performance

SABR opened at $2.66 on Tuesday. Sabre has a one year low of $1.81 and a one year high of $5.76. The stock’s fifty day moving average is $2.85 and its 200-day moving average is $3.26. The company has a market capitalization of $1.02 billion, a PE ratio of -1.83 and a beta of 1.75.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, May 2nd. The information technology services provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $782.89 million during the quarter, compared to the consensus estimate of $751.02 million. On average, equities research analysts forecast that Sabre will post -0.28 EPS for the current fiscal year.

Insider Activity

In other news, CFO Michael O. Randolfi bought 50,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $2.98 per share, with a total value of $149,000.00. Following the transaction, the chief financial officer now directly owns 587,665 shares in the company, valued at approximately $1,751,241.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Kurt Joseph Ekert bought 65,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $2.57 per share, with a total value of $167,050.00. Following the transaction, the chief executive officer now directly owns 1,155,909 shares in the company, valued at approximately $2,970,686.13. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael O. Randolfi bought 50,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $2.98 per share, for a total transaction of $149,000.00. Following the completion of the transaction, the chief financial officer now owns 587,665 shares in the company, valued at $1,751,241.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 135,000 shares of company stock worth $368,650. 1.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. First Trust Direct Indexing L.P. acquired a new position in shares of Sabre during the 1st quarter valued at about $28,000. Robertson Stephens Wealth Management LLC acquired a new position in shares of Sabre during the 3rd quarter valued at about $45,000. Sage Rhino Capital LLC acquired a new position in shares of Sabre during the 4th quarter valued at about $45,000. International Assets Investment Management LLC increased its holdings in shares of Sabre by 340.0% during the 4th quarter. International Assets Investment Management LLC now owns 10,846 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 8,381 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its holdings in shares of Sabre by 43.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 14,757 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 4,457 shares during the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

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.