Sabre (NASDAQ:SABR) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a buy rating in a research note published on Tuesday morning.

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

Sabre Stock Up 0.8 %

Sabre stock opened at $2.66 on Tuesday. The stock has a 50-day simple moving average of $2.85 and a 200 day simple moving average of $3.26. Sabre has a 12-month low of $1.81 and a 12-month high of $5.76. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -1.83 and a beta of 1.75.

Sabre (NASDAQ:SABR) last announced 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 analyst estimates of $751.02 million. As a group, sell-side analysts anticipate that Sabre will post -0.28 EPS for the current year.

Insider Buying and Selling at Sabre

In other news, Director Karl Mr. Peterson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $2.79, for a total transaction of $27,900.00. Following the sale, the director now owns 134,655 shares in the company, valued at approximately $375,687.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Sabre news, CEO Kurt Joseph Ekert purchased 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $2.57 per share, for a total transaction of $167,050.00. Following the purchase, the chief executive officer now owns 1,155,909 shares in the company, valued at $2,970,686.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karl Mr. Peterson sold 10,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $2.79, for a total value of $27,900.00. Following the completion of the sale, the director now owns 134,655 shares in the company, valued at approximately $375,687.45. The disclosure for this sale can be found here. In the last quarter, insiders have bought 135,000 shares of company stock worth $368,650. Corporate insiders own 1.84% of the company’s stock.

Institutional Investors Weigh In On Sabre

A number of large investors have recently added to or reduced their stakes in SABR. Swiss National Bank raised its stake in Sabre by 2.0% in the 3rd quarter. Swiss National Bank now owns 656,800 shares of the information technology services provider’s stock valued at $2,949,000 after acquiring an additional 13,000 shares during the period. Pathstone Family Office LLC acquired a new position in Sabre in the 3rd quarter valued at $100,000. PNC Financial Services Group Inc. grew its holdings in Sabre by 114.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 26,464 shares of the information technology services provider’s stock valued at $119,000 after buying an additional 14,120 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Sabre in the 3rd quarter valued at $117,000. Finally, Envestnet Asset Management Inc. grew its holdings in Sabre by 123.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,106,112 shares of the information technology services provider’s stock valued at $4,966,000 after buying an additional 610,610 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.

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.