Sabre (NASDAQ:SABR – Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Sabre to post earnings of ($0.15) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Sabre Trading Up 6.0 %
Shares of Sabre stock opened at $4.39 on Tuesday. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -2.41 and a beta of 1.88. Sabre has a 1-year low of $2.99 and a 1-year high of $7.16. The firm’s 50-day moving average price is $4.25 and its two-hundred day moving average price is $4.28.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on SABR. Mizuho decreased their price target on shares of Sabre from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, October 16th. Bank of America raised shares of Sabre from an “underperform” rating to a “neutral” rating and increased their price target for the company from $3.50 to $5.00 in a research note on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Sabre presently has a consensus rating of “Hold” and an average price target of $4.50.
Insider Activity at Sabre
In related news, insider Sean E. Menke sold 50,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $4.43, for a total value of $221,500.00. Following the transaction, the insider now directly owns 1,567,340 shares in the company, valued at $6,943,316.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 100,714 shares of company stock worth $424,684 over the last ninety days. Company insiders own 1.32% of the company’s stock.
Hedge Funds Weigh In On Sabre
Large investors have recently bought and sold shares of the business. State of Wyoming acquired a new position in Sabre in the fourth quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. raised its holdings in Sabre by 147.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,171 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 4,277 shares during the period. Tower Research Capital LLC TRC raised its holdings 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 worth $29,000 after purchasing an additional 3,563 shares during the period. Evergreen Capital Management LLC acquired a new stake in Sabre in the fourth quarter worth $62,000. Finally, Insigneo Advisory Services LLC acquired a new stake in Sabre in the second quarter worth $33,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.
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.
- Five stocks we like better than Sabre
- How to Invest in Social Media
- 3 attractive stocks that insiders are buying
- What Do S&P 500 Stocks Tell Investors About the Market?
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- Stocks in the Dow: About the Dow Jones Industrial Average (DJIA)
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.