Sabre Corp. (NASDAQ:SABR) Vice Chairman Gregory T. Webb sold 105,088 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $27.07, for a total transaction of $2,844,732.16. Following the completion of the sale, the insider now directly owns 85,354 shares of the company’s stock, valued at approximately $2,310,532.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Sabre Corp. (NASDAQ:SABR) opened at 28.18 on Monday. The stock has a market cap of $7.84 billion, a PE ratio of 16.42 and a beta of 0.86. 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 of $27.74 and a 200 day moving average of $27.98.
Sabre Corp. (NASDAQ:SABR) last announced its earnings results 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. The company earned $845.20 million during the quarter, compared to analysts’ expectations of $852.33 million. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. Analysts anticipate that Sabre Corp. will post $1.44 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Monday, September 19th. Sabre Corp.’s payout ratio is currently 30.41%.
SABR has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed a “buy” rating and set a $38.00 price objective on shares of Sabre Corp. in a research report on Monday, September 12th. 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 set a $33.00 price objective on shares of Sabre Corp. in a research report on Tuesday, June 21st. KeyCorp lowered their price objective on shares of Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. lowered their price objective on shares of Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Sabre Corp. presently has an average rating of “Buy” and a consensus target price of $33.89.
A number of institutional investors have recently made changes to their positions in SABR. Norges Bank purchased a new position in Sabre Corp. during the fourth quarter worth $15,374,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Sabre Corp. by 9.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,178 shares of the company’s stock worth $1,596,000 after buying an additional 4,963 shares in the last quarter. Franklin Resources Inc. raised its position in Sabre Corp. by 12.4% in the first quarter. Franklin Resources Inc. now owns 970,170 shares of the company’s stock worth $28,057,000 after buying an additional 107,000 shares in the last quarter. BlackRock Inc. raised its position in Sabre Corp. by 3.6% in the first quarter. BlackRock Inc. now owns 152,933 shares of the company’s stock worth $4,422,000 after buying an additional 5,303 shares in the last quarter. Finally, BlackRock Group LTD raised its position in Sabre Corp. by 11.4% in the first quarter. BlackRock Group LTD now owns 864,636 shares of the company’s stock worth $25,007,000 after buying an additional 88,453 shares in the last quarter.
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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