Sabre Corp. (NASDAQ:SABR) EVP Hugh W. Jones sold 106,035 shares of the business’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $27.53, for a total value of $2,919,143.55. Following the completion of the sale, the executive vice president now directly owns 206,191 shares in the company, valued at $5,676,438.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Sabre Corp. (NASDAQ:SABR) opened at 27.35 on Friday. Sabre Corp. has a 12-month low of $22.03 and a 12-month high of $30.45. The firm has a 50-day moving average price of $27.77 and a 200-day moving average price of $27.98. The company has a market cap of $7.61 billion, a P/E ratio of 15.94 and a beta of 0.87.
Sabre Corp. (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. The business had revenue of $845.20 million for the quarter, compared to the consensus estimate of $852.33 million. During the same period last year, the business posted $0.27 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. On average, analysts forecast that Sabre Corp. will post $1.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. Sabre Corp.’s dividend payout ratio is presently 30.41%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Calvert Investment Management Inc. increased its position in shares of Sabre Corp. by 1.2% in the second quarter. Calvert Investment Management Inc. now owns 10,168 shares of the company’s stock worth $272,000 after buying an additional 121 shares in the last quarter. Lebenthal Holdings LLC increased its position in shares of Sabre Corp. by 1.5% in the second quarter. Lebenthal Holdings LLC now owns 11,265 shares of the company’s stock worth $302,000 after buying an additional 170 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Sabre Corp. by 12.1% in the second quarter. LS Investment Advisors LLC now owns 5,810 shares of the company’s stock worth $156,000 after buying an additional 627 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Sabre Corp. by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 154,944 shares of the company’s stock worth $4,151,000 after buying an additional 721 shares in the last quarter. Finally, BOKF NA increased its position in shares of Sabre Corp. by 1.9% in the second quarter. BOKF NA now owns 56,335 shares of the company’s stock worth $1,509,000 after buying an additional 1,043 shares in the last quarter.
Several equities research analysts have commented on SABR shares. KeyCorp dropped their target price on Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, August 3rd. Zacks Investment Research downgraded Sabre Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday. Jefferies Group reissued a “buy” rating and issued a $33.00 target price on shares of Sabre Corp. in a report on Tuesday, June 21st. Evercore ISI reissued a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, Morgan Stanley reissued a “buy” rating and issued a $38.00 target price on shares of Sabre Corp. in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $34.20.
Sabre Corp. Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management.
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