The Vanguard Group, Inc. recently announced the acquisition of new stake in Sabre Corp (NASDAQ:SABR). The institutional investor has increased its shareholding in the Consumer Cyclical company by 10.28% to 39.28 million shares with purchase of 3.66 million shares. This fresh investment now brings its stake to 10.36% valued currently at $138.66 million. In addition, Discerene Group LP raised its holdings by 0.46 million to 15.98 million shares. And SSgA Funds Management, Inc. has lifted its position by 0.67% or 79679.0 shares – to 12.03 million shares.
With over 6.32 million Sabre Corp (SABR) shares trading Monday and a closing price of $4.62 on the day, the dollar volume was approximately $29.18 million. The shares have shown a positive half year performance of 24.86% and its price on 01/08/24 gained nearly 6.21%. Currently, there are 379.48M common shares owned by the public and among those 355.21M shares have been available to trade.
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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 $5.62. The analysts have set the share’s price value over the next 12 months at a high of $9.00 and a low of $4.00. The average price target is 17.79% above its recent price level and a downside to the estimated low will see the stock lose -15.5% over that period. But an upside of 48.67% will see the stock hit the forecast high price target while median target price for the stock is $5.25.
Insiders at the company have transacted a total of 56 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 4,230,048 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 773,203 shares.
The top 3 mutual fund holders in Sabre Corp are iShares Core S&P Small Cap ETF, Smithson Investment Trust Plc, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 22.25 million shares of the company’s stock, all valued at over $78.53 million. The company bought an additional 12258.0 shares recently to bring their total holdings to about 5.87% of the shares outstanding. Smithson Investment Trust Plc bought 39012.0 shares to see its total holdings expand to 21.46 million shares valued at over $75.77 million and representing 5.66% of the shares outstanding. Vanguard Total Stock Market ETF bought 21961.0 shares to bring its total holdings to over 12.26 million shares at a value of $43.26 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.23% of the shares outstanding.
Shares of Sabre Corp (NASDAQ: SABR) opened at $4.43, up $0.08 from a prior closing price of $4.35. However, the script later moved the day high at 4.6250, up 6.21%. The company’s stock has a 5-day price change of 5.00% and 19.07% over the past three months. SABR shares are trading 5.00% year to date (YTD), with the 12-month market performance down to -30.73% lower. It has a 12-month low price of $2.99 and touched a high of $7.92 over the same period. SABR has an average intraday trading volume of 4.86 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 7.89%, 18.78%, and 15.26% respectively.
Institutional ownership of Sabre Corp (NASDAQ: SABR) shares accounts for 84.62% of the company’s 379.48M shares outstanding. Mutual fund holders own 45.31%, while other institutional holders and individual stakeholders account for 9.52% and 40.71% respectively.
It has a market capitalization of $1.75B and a beta (3y monthly) value of 1.88. The earnings-per-share (ttm) stands at -$1.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.91% over the week and 5.58% over the month.
Analysts forecast that Sabre Corp (SABR) will achieve an EPS of -$0.14 for the current quarter, $0.04 for the next quarter and $0.15 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.25 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was -$0.38 a year ago. Earnings per share for the fiscal year are expected to increase by 54.03%, and 129.96% 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 Corp (SABR) as a “Moderate Buy” at a consensus score of 2.33. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 6 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SABR, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on Jan-09-24, with the firm’s price target at $3.50-$5.
