Michael O. Randolfi Acquires 50,000 Shares of Sabre Co. (NASDAQ:SABR) Stock

Sabre Co. (NASDAQ:SABR) CFO Michael O. Randolfi bought 50,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were acquired 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 directly owns 587,665 shares in the company, valued at $1,751,241.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sabre Price Performance

NASDAQ:SABR opened at $2.66 on Wednesday. The company has a market cap of $1.02 billion, a P/E ratio of -1.83 and a beta of 1.69. Sabre Co. has a 1 year low of $1.81 and a 1 year high of $5.76. The stock’s fifty day moving average price is $2.47 and its two-hundred day moving average price is $3.41.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Sabre

Hedge funds have recently bought and sold shares of the company. First Trust Direct Indexing L.P. purchased a new position in shares of Sabre during the 1st quarter valued at $28,000. Robertson Stephens Wealth Management LLC bought a new position in Sabre in the 3rd quarter worth about $45,000. Sage Rhino Capital LLC purchased a new stake in shares of Sabre in the 4th quarter valued at about $45,000. International Assets Investment Management LLC boosted its position 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, FDx Advisors Inc. purchased a new position in shares of Sabre during the third quarter worth about $52,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

About Sabre

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.