Sabre Corp. (NASDAQ:SABR) insider Alexander S. Alt sold 66,164 shares of the stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $26.96, for a total transaction of $1,783,781.44. Following the transaction, the insider now owns 48,730 shares in the company, valued at $1,313,760.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 27.07 on Thursday. 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 $27.58 and a 200 day moving average of $27.99. The firm has a market cap of $7.53 billion, a P/E ratio of 15.78 and a beta of 0.86.
Sabre Corp. (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ 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 return on equity of 56.62% and a net margin of 14.87%. Sabre Corp.’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. On average, equities research analysts anticipate that Sabre Corp. will post $1.44 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st will be given a dividend of $0.13 per share. The ex-dividend date is Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.92%. Sabre Corp.’s payout ratio is presently 30.41%.
A number of large investors have recently made changes to their positions in the company. Brookside Capital Management LLC raised its stake in shares of Sabre Corp. by 21.0% in the first quarter. Brookside Capital Management LLC now owns 3,583,007 shares of the company’s stock worth $103,621,000 after buying an additional 622,369 shares during the last quarter. State Street Corp raised its stake in shares of Sabre Corp. by 15.4% in the first quarter. State Street Corp now owns 2,559,442 shares of the company’s stock worth $74,022,000 after buying an additional 342,064 shares during the last quarter. Scopia Capital Management LP acquired a new stake in shares of Sabre Corp. during the first quarter worth approximately $177,673,000. AMP Capital Investors Ltd raised its stake in shares of Sabre Corp. by 53.8% in the first quarter. AMP Capital Investors Ltd now owns 88,912 shares of the company’s stock worth $2,539,000 after buying an additional 31,100 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Sabre Corp. by 24.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,885,000 shares of the company’s stock worth $54,514,000 after buying an additional 370,000 shares during the last quarter.
Several research analysts have recently weighed in on the stock. Morgan Stanley reiterated a “buy” rating and set a $38.00 price objective on shares of Sabre Corp. in a report on Monday, September 12th. Jefferies Group reissued a “buy” rating and set a $33.00 target price on shares of Sabre Corp. in a research report on Tuesday, June 21st. Oppenheimer Holdings Inc. dropped their target price 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. Evercore ISI reissued a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, May 31st. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $33.89.
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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