Hugh W. Jones Sells 106,035 Shares of Sabre Corp. (SABR) Stock

Sabre Corp. (NASDAQ:SABR) insider Hugh W. Jones sold 106,035 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $24.13, for a total value of $2,558,624.55. Following the transaction, the insider now directly owns 176,192 shares in the company, valued at $4,251,512.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Sabre Corp. (NASDAQ:SABR) opened at 23.56 on Tuesday. The firm has a 50-day moving average of $26.51 and a 200 day moving average of $27.61. Sabre Corp. has a 12-month low of $22.03 and a 12-month high of $30.00. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 19.22 and a beta of 0.94.

Sabre Corp. (NASDAQ:SABR) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.06. The firm earned $839 million during the quarter, compared to analyst estimates of $853.31 million. Sabre Corp. had a net margin of 10.52% and a return on equity of 49.05%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. Equities analysts forecast that Sabre Corp. will post $1.38 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Sabre Corp. (NASDAQ:SABR)

Several institutional investors have recently bought and sold shares of the stock. Scopia Capital Management LP purchased a new position in Sabre Corp. during the first quarter worth $177,673,000. Burgundy Asset Management Ltd. raised its position in shares of Sabre Corp. by 21.9% in the second quarter. Burgundy Asset Management Ltd. now owns 5,861,224 shares of the company’s stock valued at $157,022,000 after buying an additional 1,053,285 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Sabre Corp. by 19.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,287,617 shares of the company’s stock valued at $141,655,000 after buying an additional 848,501 shares during the period. Vulcan Value Partners LLC bought a new position in shares of Sabre Corp. during the second quarter valued at approximately $131,419,000. Finally, King Luther Capital Management Corp raised its position in shares of Sabre Corp. by 1.9% in the second quarter. King Luther Capital Management Corp now owns 4,269,870 shares of the company’s stock valued at $114,390,000 after buying an additional 79,488 shares during the period.

A number of equities analysts have recently issued reports on SABR shares. Oppenheimer Holdings Inc. reduced their price target on Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. KeyCorp reduced their price target on Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3rd. Morgan Stanley reaffirmed a “buy” rating and set a $38.00 price target on shares of Sabre Corp. in a research report on Wednesday, August 3rd. Zacks Investment Research downgraded Sabre Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 4th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $37.00 price target on shares of Sabre Corp. in a research report on Tuesday, October 4th. One research analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $34.00.

About Sabre Corp.

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.

5 Day Chart for NASDAQ:SABR

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