Sabre (NASDAQ:SABR) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Several other analysts have also recently commented on SABR. Cowen set a $30.00 price target on shares of Sabre and gave the stock a “buy” rating in a report on Thursday, July 19th. Imperial Capital restated a “buy” rating and set a $31.00 price target on shares of Sabre in a report on Wednesday, August 1st. ValuEngine cut shares of Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Zacks Investment Research cut shares of Sabre from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Morgan Stanley raised their price target on shares of Sabre from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.57.
Shares of SABR opened at $24.33 on Tuesday. Sabre has a one year low of $17.79 and a one year high of $26.78. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.77 and a beta of 0.67. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 3.83.
In related news, insider Group Holdings (Sbs) Advis Tpg sold 10,186,246 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $24.72, for a total transaction of $251,804,001.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard A. Simonson sold 60,354 shares of the firm’s stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $26.00, for a total transaction of $1,569,204.00. Following the transaction, the insider now directly owns 249,941 shares in the company, valued at approximately $6,498,466. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,427,216 shares of company stock valued at $406,162,833. 0.67% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. First Hawaiian Bank bought a new position in Sabre during the third quarter valued at approximately $122,000. Russell Investments Group Ltd. bought a new position in Sabre during the second quarter valued at approximately $156,000. Cerebellum GP LLC bought a new position in Sabre during the third quarter valued at approximately $185,000. Wilbanks Smith & Thomas Asset Management LLC bought a new position in Sabre during the second quarter valued at approximately $209,000. Finally, Janney Montgomery Scott LLC bought a new position in Sabre during the second quarter valued at approximately $217,000.
Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as 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.
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