Invesco Canada Ltd. recently announced the acquisition of new stake in Sabre Corporation (NASDAQ:SABR). The institutional investor has increased its shareholding in the Technology company by 23.61% to 14.76 million shares with purchase of 2.82 million shares. This fresh investment now brings its stake to 5.36% valued currently at $111.6 million. In addition, Clarkston Capital Partners LLC raised its holdings by 73550.0 to 11.71 million shares.
With over 8.34 million Sabre Corporation (SABR) shares trading Monday and a closing price of $6.99 on the day, the dollar volume was approximately $58.31 million. The shares have shown a negative weekly performance of -0.85% and its price on 08/31/20 lost nearly -4.90%. Currently, there are 275.69M common shares owned by the public and among those 274.82M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for SABR have a consensus price objective of $7.67. The analysts have set the share’s price value over the next 12 months at a high of $14.00 and a low of $5.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Sabre Corporation stock is 3.00 for the next 12 months. The average price target is 14.76% above its last price level and an upside to the estimated low will see the stock lose -39.8% over that period. But an upside of 50.07% will see the stock hit the forecast high price target while mean target price for the stock is $6.50.
Insiders at the company have transacted a total of 71 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 3,072,606 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 269,129 shares.
The top 3 mutual fund holders in Sabre Corporation are Invesco Global Companies Fund, Vanguard Total Stock Market Index, and iShares Core S&P Mid Cap ETF. Invesco Global Companies Fund owns 9.04 million shares of the company’s stock, all valued at over $68.34 million. The company bought an additional 1.82 million shares recently to bring their total holdings to about 3.28% of the shares outstanding. Vanguard Total Stock Market Index sold 4977.0 shares to see its total holdings shrink to 7.86 million shares valued at over $59.43 million and representing 2.85% of the shares outstanding. iShares Core S&P Mid Cap ETF sold 71537.0 shares to bring its total holdings to over 7.29 million shares at a value of $55.09 million. iShares Core S&P Mid Cap ETF now owns shares totaling to 2.65% of the shares outstanding.
Shares of Sabre Corporation (NASDAQ: SABR) opened at $7.36, up $0.01 from a prior closing price of $7.35. However, the script later closed the day at $6.99, down -4.90%. The company’s stock has a 5-day price change of -0.85% and -8.98% over the past three months. SABR shares are trading -68.85% year to date (YTD), with the 12-month market performance down to -70.43% lower. It has a 12-month low price of $3.30 and touched a high of $23.88 over the same period. Currently, 8.34 million shares have been traded, compared to an average intraday trading volume of 8.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.40%, -10.20%, and -45.18% respectively.
Institutional ownership of Sabre Corporation (NASDAQ: SABR) shares accounts for 87.40% of the company’s 275.69M shares outstanding. Mutual fund holders own 43.20%, while other institutional holders and individual stakeholders account for 54.51% and 11.07% respectively.
It has a market capitalization of $2.08B and a beta (3y monthly) value of 1.70. The earnings-per-share (ttm) stands at -$2.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.75% over the week and 5.44% over the month.
Analysts forecast that Sabre Corporation (SABR) will achieve an EPS of -$0.73 for the current quarter, -$0.48 for the next quarter and -$0.68 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.85 while analysts give the company a high EPS estimate of -$0.59. Comparatively, EPS for the current quarter was $0.27 a year ago. Earnings per share for the fiscal year are expected to decrease by -47.90%, and 73.80% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Sabre Corporation (SABR) as a “Hold” at a consensus score of 3.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 4 of the 9 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the SABR, a number of firms have released research notes about the stock. Bernstein stated their Outperform rating for the stock in a research note on May 11, 2020, with the firm’s price target at $6-$10. Mizuho coverage for the Sabre Corporation (SABR) stock in a research note released on March 23, 2020 offered a Underperform rating with a price target of. Oppenheimer was of a view on February 27, 2020 that the stock is Perform, while Morgan Stanley gave the stock Equal-Weight rating on December 05, 2019, issuing a price target of. BofA/Merrill on their part issued Buy rating on August 02, 2019.