Truist Financial Corp Sells 16,277 Shares of Sabre Co. (NASDAQ:SABR)

Truist Financial Corp reduced its holdings in Sabre Co. (NASDAQ:SABR) by 26.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,190 shares of the information technology services provider’s stock after selling 16,277 shares during the quarter. Truist Financial Corp’s holdings in Sabre were worth $194,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SABR. Robertson Stephens Wealth Management LLC bought a new position in shares of Sabre during the third quarter worth about $45,000. International Assets Investment Management LLC grew its stake in Sabre by 340.0% in the fourth quarter. International Assets Investment Management LLC now owns 10,846 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 8,381 shares in the last quarter. FDx Advisors Inc. bought a new position in Sabre in the third quarter valued at approximately $52,000. Fox Run Management L.L.C. bought a new position in Sabre in the third quarter valued at approximately $61,000. Finally, Insigneo Advisory Services LLC grew its stake in Sabre by 43.3% in the third quarter. Insigneo Advisory Services LLC now owns 14,757 shares of the information technology services provider’s stock valued at $66,000 after purchasing an additional 4,457 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Mizuho decreased their price target on Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Bank of America decreased their price target on Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. StockNews.com cut Sabre from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Finally, Cantor Fitzgerald started coverage on Sabre in a research report on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.13.

Sabre Stock Down 3.3 %

SABR opened at $2.92 on Thursday. Sabre Co. has a 12-month low of $1.81 and a 12-month high of $5.76. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -2.01 and a beta of 1.69. The business has a 50 day moving average of $2.63 and a 200-day moving average of $3.36.

Insider Activity

In other news, CEO Kurt Joseph Ekert purchased 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $2.57 per share, with a total value of $167,050.00. Following the acquisition, the chief executive officer now owns 1,155,909 shares in the company, valued at approximately $2,970,686.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Michael O. Randolfi purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $2.98 per share, with a total value of $149,000.00. Following the acquisition, the chief financial officer now owns 587,665 shares in the company, valued at approximately $1,751,241.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kurt Joseph Ekert purchased 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $2.57 per share, with a total value of $167,050.00. Following the completion of the acquisition, the chief executive officer now owns 1,155,909 shares in the company, valued at approximately $2,970,686.13. The disclosure for this purchase can be found here. Insiders acquired a total of 135,000 shares of company stock valued at $368,650 over the last three months. Insiders own 1.84% of the company’s stock.

About Sabre

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates 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.