The Vanguard Group, Inc. has recently announced that it has increased stake in Sabre Corp (NASDAQ:SABR) by 10.28%. After grabbing 39.28 million shares, the institutional investor is now in possession of 3.66 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.36% having worth around $138.66 million. Moreover, Discerene Group LP increased its share by 0.46 million to have a control over 15.98 million shares. And SSgA Funds Management, Inc. raised its holdings to 79679.0 shares by acquiring 12.03 million shares or 3.17% of the stake.
Sabre Corp (SABR) concluded trading on 12/28/23 at a closing price of $4.46, with 2.27 million shares of worth about $10.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.51% during that period and on Thursday the price saw a loss of about -1.55%. Currently the company’s common shares owned by public are about 379.48M shares, out of which, 355.21M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the SABR stock and their offered price forecasts bring an average price target of $5.17. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.00 and could fall to a lowest price of $3.50. The stock’s current price level is 13.73% above of average price target set by the analysts, while a rise to estimated low would result in loss of -27.43% for the stock. However, touching the estimated high of $9.00 would mean a gain of 50.44% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 56 times over the past 12 months. They bought 4,230,048 shares in 31 of the transactions. In 25 selling transactions, insiders dumped 773,203 shares.
iShares Core S&P Small Cap ETF, Smithson Investment Trust Plc, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Sabre Corp iShares Core S&P Small Cap ETF is currently holding 22.25 million shares of worth totaling $78.53 million. The company recently came buying 12258.0 shares which brought its stake up to 5.87% of the company’s outstanding shares. Smithson Investment Trust Plc bought 39012.0 shares, after which its hold over company’s outstanding shares expand to 5.66%, leaving 21.46 million shares with the mutual fund that have a worth of about $75.77 million. Vanguard Total Stock Market ETF, after buying 12.26 million shares, have now control over 3.23% of the stake in the company. It holds 21961.0 shares of worth $43.26 million.
Sabre Corp (NASDAQ: SABR) started trading at $4.50, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 4.5500, or with a loss of -1.55%. Stock saw a price change of 6.19% in past 5 days and over the past one month there was a price change of 22.19%. Year-to-date (YTD), SABR shares are showing a performance of -27.83% which decreased to -21.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.99 but also hit the highest price of $7.92 during that period. The average intraday trading volume for Sabre Corp shares is 5.07 million. The stock is currently trading 9.38% above its 20-day simple moving average (SMA20), while that difference is up 16.37% for SMA50 and it goes to 11.51% higher than SMA200.
The Vanguard Group, Inc. acquired 39.28 million shares of Sabre Corp having value of about $138.66 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 3.66 million shares in the company valued at close to $16328180.42, or have control over 10.28% stake in the company. Sabre Corp (NASDAQ: SABR) currently have 379.48M outstanding shares and institutions hold larger chunk of about 84.60% of that. Holding of mutual funds in the company is about 45.50% while other institutional holders and individual stake holders have control over 9.52% and 40.52% of the stake respectively.
The stock has a current market capitalization of $1.69B and its 3Y-monthly beta is at 1.87. It has posted earnings per share of -$1.82 in the same period. It has Quick Ratio of 1.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SABR, volatility over the week remained 3.47% while standing at 6.01% over the month.
Analysts are in expectations that Sabre Corp (SABR) stock would likely to be making an EPS of -$0.14 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.15 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.25 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 54.03% while it is estimated to increase by 129.33% in next year.
Analysts at 9 brokerage firms have issued recommendations for the Sabre Corp (SABR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.67. Out of those 9 Wall Street analysts, 2 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Bernstein on May 15, 2023 offering a Mkt perform rating for the stock and assigned a target price of $3.50 to it.
