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 10.35% having worth around $172.84 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 Thursday at a closing price of $4.48, with 2.83 million shares of worth about $12.66 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.80% during that period and on Thursday, January 25 the price saw a gain of about 3.23%. Currently the company’s common shares owned by public are about 379.48M shares, out of which, 355.28M shares are available for trading.
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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 25.54 million shares of worth totaling $112.38 million. The company recently came buying 25146.0 shares which brought its stake up to 6.73% 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 $94.44 million. Vanguard Total Stock Market ETF, after buying 12.27 million shares, have now control over 3.23% of the stake in the company. It holds 15818.0 shares of worth $54.0 million.
However, the stock later moved at a day high price of 4.5050, or with a gain of 3.23%. Stock saw a price change of 6.67% in past 5 days and over the past one month there was a price change of -0.44%. Year-to-date (YTD), SABR shares are showing a performance of 1.82% which decreased to -35.72% 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 4.83 million. The stock is currently trading 3.00% above its 20-day simple moving average (SMA20), while that difference is up 9.95% for SMA50 and it goes to 11.26% higher than SMA200.
The Vanguard Group, Inc. acquired 39.28 million shares of Sabre Corp having value of about $172.84 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 $16401400.96, 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 84.58% of that. Holding of mutual funds in the company is about 47.13% while other institutional holders and individual stake holders have control over 9.50% and 38.81% of the stake respectively.
The stock has a current market capitalization of $1.70B and its 3Y-monthly beta is at 1.89. 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 3.89% while standing at 4.51% 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 53.93% while it is estimated to increase by 129.83% in next year.
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 BofA Securities on January 08, 2024 offering a Neutral rating for the stock and assigned a target price range of between $3.50 and $5 to it.
