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

Sabre Co. (NASDAQ:SABR - Get Free Report) CFO Michael O. Randolfi bought 50,000 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $2.98 per share, for a total transaction of $149,000.00. Following the acquisition, the chief financial officer now directly owns 587,665 shares of the company's stock, valued at approximately $1,751,241.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sabre Price Performance

Shares of SABR stock traded up $0.07 on Monday, hitting $2.65. 4,296,980 shares of the stock traded hands, compared to its average volume of 5,486,766. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -1.83 and a beta of 1.69. Sabre Co. has a 52 week low of $1.81 and a 52 week high of $5.76. The firm has a 50 day simple moving average of $2.47 and a two-hundred day simple moving average of $3.42.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The business had revenue of $687.05 million for the quarter, compared to the consensus estimate of $707.89 million. Sell-side analysts forecast that Sabre Co. will post -0.21 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com downgraded shares of Sabre from a "buy" rating to a "hold" rating in a research report on Friday, April 5th. Bank of America decreased their price target on shares of 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 began coverage on shares of Sabre in a research report on Wednesday, February 21st. They issued an "overweight" rating and a $5.00 price target on the stock. Finally, Mizuho decreased 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. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.00.

Institutional Trading of Sabre

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. purchased a new position in shares of Sabre in the 1st quarter worth $28,000. Robertson Stephens Wealth Management LLC bought a new position in shares of Sabre during the 3rd quarter worth approximately $45,000. Sage Rhino Capital LLC purchased a new stake in Sabre during the 4th quarter worth approximately $45,000. International Assets Investment Management LLC grew its position in 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 worth $48,000 after purchasing an additional 8,381 shares during the last quarter. Finally, FDx Advisors Inc. purchased a new stake in Sabre during the 3rd quarter worth approximately $52,000. 89.42% of the stock is currently owned by 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.