Insider Buying: Sabre Co. (NASDAQ:SABR) EVP Acquires $59,228.40 in Stock

Sabre Co. (NASDAQ:SABR) EVP Roshan Mendis acquired 19,230 shares of the stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of $3.08 per share, with a total value of $59,228.40. Following the completion of the acquisition, the executive vice president now directly owns 776,966 shares of the company’s stock, valued at $2,393,055.28. The purchase was disclosed in a filing with the SEC, which is available at this link.

Sabre Stock Performance

Shares of NASDAQ SABR opened at $2.94 on Friday. The company has a 50 day simple moving average of $2.99 and a two-hundred day simple moving average of $2.96. Sabre Co. has a fifty-two week low of $1.81 and a fifty-two week high of $5.76. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -2.03 and a beta of 1.72.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $767.20 million for the quarter, compared to analysts’ expectations of $752.54 million. During the same quarter in the previous year, the firm posted ($0.20) EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts forecast that Sabre Co. will post -0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SABR. Bank of America lowered their target price on Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue grew its holdings in shares of Sabre by 12.6% during the fourth quarter. State of Alaska Department of Revenue now owns 233,456 shares of the information technology services provider’s stock valued at $1,027,000 after buying an additional 26,104 shares during the last quarter. International Assets Investment Management LLC lifted its position in Sabre by 340.0% in 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 in the last quarter. Mutual of America Capital Management LLC boosted its stake in Sabre by 14.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 66,419 shares of the information technology services provider’s stock valued at $292,000 after purchasing an additional 8,174 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Sabre in the 4th quarter worth $836,000. Finally, Yousif Capital Management LLC raised its stake in shares of Sabre by 13.9% in the fourth quarter. Yousif Capital Management LLC now owns 187,563 shares of the information technology services provider’s stock worth $825,000 after purchasing an additional 22,880 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

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.