Bernstein’s latest rating for SABR stock


Sabre Corporation’s recent filing unveils that its Executive Chair of the Board MENKE SEAN E unloaded Company’s shares for reported $0.56 million on Aug 11. In the deal valued at $5.62 per share,100,000 shares were sold. As a result of this transaction, MENKE SEAN E now holds 1,767,340 shares worth roughly $ 9.49 million.

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Then, Randolfi Michael O bought 50,000 shares, generating $268,808 in total proceeds. Upon buying the shares at $5.38, the EVP and CFO now owns 546,526 shares.

Before that, Ekert Kurt Joseph bought 100,000 shares. Sabre Corporation shares valued at $534,000 were divested by the CEO and President at a price of $5.34 per share. As a result of the transaction, Ekert Kurt Joseph now holds 1,124,464 shares, worth roughly $6.04 million.

Bernstein upgraded its Sabre Corporation [SABR] rating to a Mkt perform from a an Underperform in a research note published on Tuesday. PT values the company’s stock at a premium of -53.43 to its Tuesday closing price.

Price Performance Review of SABR

On Tuesday, Sabre Corporation [NASDAQ:SABR] saw its stock remained unchanged to $5.37. On the same session, the stock had its day’s lowest price of $5.16, but rose to a high of $5.51. Over the last five days, the stock has gained 2.68%. Sabre Corporation shares have fallen nearly -13.11% since the year began. Nevertheless, the stocks have fallen -24.58% over the past one year. While a 52-week high of $7.92 was reached on 02/03/23, a 52-week low of $2.99 was recorded on 06/23/23. SMA at 50 days reached $4.36, while 200 days put it at $4.80. A total of 5.5 million shares were traded, compared to the trading of 6.2 million shares in the previous session.

Levels Of Support And Resistance For SABR Stock

The 24-hour chart illustrates a support level at 5.18, which if violated will result in even more drops to 5.00. On the upside, there is a resistance level at 5.53. A further resistance level may holdings at 5.70. The Relative Strength Index (RSI) on the 14-day chart is 59.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.44%. Stochastics %K at 76.56% indicates the stock is a holding.

How much short interest is there in Sabre Corporation?

A steep rise in short interest was recorded in Sabre Corporation stocks on Aug 14, 2023, dropping by -2.4 million shares to a total of 42.34 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 44.74 million shares. There was a decline of -5.67%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 18.10% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.4.

Sabre Corporation [SABR] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 47,939,706 shares, or roughly 14.44% of the outstanding SABR shares. In other words, the investor’s shares have fallen by -3,118,751 from its previous 13-F filing of 51058457.0. Additionally, The Vanguard Group, Inc. decreased -3.28% of its stake after which the total value it holdings stand at $146,042,775. Over the last quarter, EARNEST Partners LLC sold -381,980 shares of Sabre Corporation, while Discerene Group LP sold 7,328,251 shares. At present, SSgA Funds Management, Inc. is holding 11,952,040 shares valued at $49.0 million. Yiheng Capital Management LP owned 11,826,186 shares of the company at the time of its most recent 13F filing, worth $48.49 million.


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