Sabre Corp. (NASDAQ:SABR) CEO Thomas Klein sold 198,000 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $26.96, for a total value of $5,338,080.00. Following the completion of the sale, the chief executive officer now directly owns 363,018 shares in the company, valued at approximately $9,786,965.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Sabre Corp. (NASDAQ:SABR) opened at 27.07 on Thursday. The company’s 50-day moving average price is $27.58 and its 200 day moving average price is $27.99. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 15.78 and a beta of 0.86. Sabre Corp. has a 12 month low of $22.03 and a 12 month high of $30.45.
Sabre Corp. (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $845.20 million for 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 business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Analysts forecast that Sabre Corp. will post $1.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.92%. Sabre Corp.’s payout ratio is currently 30.41%.
A number of equities research analysts have weighed in on the company. Morgan Stanley reaffirmed a “buy” rating and issued a $38.00 target price on shares of Sabre Corp. in a report on Monday, September 12th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Sabre Corp. in a report on Tuesday, May 31st. SunTrust Banks Inc. raised Sabre Corp. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 1st. Jefferies Group reissued a “buy” rating and set a $33.00 price objective on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, Evercore ISI reissued a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $33.89.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in Sabre Corp. by 49.1% in the second quarter. IFP Advisors Inc now owns 3,965 shares of the company’s stock valued at $106,000 after buying an additional 1,305 shares during the last quarter. FineMark National Bank & Trust boosted its position in Sabre Corp. by 64.7% in the second quarter. FineMark National Bank & Trust now owns 5,096 shares of the company’s stock valued at $137,000 after buying an additional 2,001 shares during the last quarter. American International Group Inc. boosted its position in Sabre Corp. by 51.6% in the second quarter. American International Group Inc. now owns 5,107 shares of the company’s stock valued at $137,000 after buying an additional 1,738 shares during the last quarter. LS Investment Advisors LLC boosted its position in Sabre Corp. by 12.1% in the second quarter. LS Investment Advisors LLC now owns 5,810 shares of the company’s stock valued at $156,000 after buying an additional 627 shares during the last quarter. Finally, BlueMountain Capital Management LLC purchased a new position in Sabre Corp. during the first quarter valued at $162,000.
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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