Sabre Corp. (NASDAQ:SABR) EVP William G. Robinson, Jr. sold 20,439 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $28.01, for a total value of $572,496.39. Following the transaction, the executive vice president now directly owns 68,893 shares in the company, valued at approximately $1,929,692.93. The transaction was disclosed in a filing with the SEC, which is available at this link.
Sabre Corp. (NASDAQ:SABR) opened at 26.75 on Monday. The company’s 50-day moving average price is $27.76 and its 200-day moving average price is $27.98. Sabre Corp. has a 1-year low of $22.03 and a 1-year high of $30.45. The stock has a market cap of $7.44 billion, a P/E ratio of 15.59 and a beta of 0.87.
Sabre Corp. (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earned $845.20 million during the quarter, compared to analyst estimates of $852.33 million. During the same period in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts predict that Sabre Corp. will post $1.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Monday, September 19th. Sabre Corp.’s dividend payout ratio (DPR) is 30.41%.
A number of equities research analysts have issued reports on SABR shares. Evercore ISI reaffirmed a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st. Jefferies Group reaffirmed a “buy” rating and issued a $33.00 price target on shares of Sabre Corp. in a research report on Tuesday, June 21st. 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. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $38.00 price target on shares of Sabre Corp. in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $34.20.
Institutional investors have recently modified their holdings of the company. Findlay Park Partners LLP increased its stake in Sabre Corp. by 6.0% in the first quarter. Findlay Park Partners LLP now owns 6,528,122 shares of the company’s stock worth $188,793,000 after buying an additional 372,362 shares during the period. Scopia Capital Management LP purchased a new stake in Sabre Corp. during the first quarter worth $177,673,000. Burgundy Asset Management Ltd. increased its stake in Sabre Corp. by 21.9% in the second quarter. Burgundy Asset Management Ltd. now owns 5,861,224 shares of the company’s stock worth $157,022,000 after buying an additional 1,053,285 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in 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 worth $141,655,000 after buying an additional 848,501 shares during the period. Finally, Vulcan Value Partners LLC purchased a new stake in Sabre Corp. during the second quarter worth $131,419,000.
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.
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