Sabre Corp. (NASDAQ:SABR) CEO Thomas Klein sold 198,000 shares of Sabre Corp. stock in a transaction on Monday, September 19th. The shares were sold at an average price of $26.96, for a total transaction of $5,338,080.00. Following the completion of the sale, the chief executive officer now owns 363,018 shares in the company, valued at $9,786,965.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 27.16 on Monday. Sabre Corp. has a one year low of $22.03 and a one year high of $30.45. The company’s 50 day moving average is $27.60 and its 200 day moving average is $27.98. The company has a market cap of $7.55 billion, a P/E ratio of 15.83 and a beta of 0.86.
Sabre Corp. (NASDAQ:SABR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business had revenue of $845.20 million for the quarter, compared to analyst estimates of $852.33 million. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. Sabre Corp.’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, equities analysts predict that Sabre Corp. will post $1.44 earnings per share for the current 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 paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, September 19th. Sabre Corp.’s dividend payout ratio (DPR) is 30.41%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Calvert Investment Management Inc. raised its position in Sabre Corp. by 1.2% in the second quarter. Calvert Investment Management Inc. now owns 10,168 shares of the company’s stock worth $272,000 after buying an additional 121 shares during the period. Lebenthal Holdings LLC raised its position in Sabre Corp. by 1.5% in the second quarter. Lebenthal Holdings LLC now owns 11,265 shares of the company’s stock worth $302,000 after buying an additional 170 shares during the period. LS Investment Advisors LLC raised 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 worth $156,000 after buying an additional 627 shares during the period. Parametric Portfolio Associates LLC raised its position in Sabre Corp. by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 154,944 shares of the company’s stock worth $4,151,000 after buying an additional 721 shares during the period. Finally, BOKF NA raised its position in Sabre Corp. by 1.9% in the second quarter. BOKF NA now owns 56,335 shares of the company’s stock worth $1,509,000 after buying an additional 1,043 shares during the period.
SABR has been the topic of several recent research reports. KeyCorp lowered their price target on shares of Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 3rd. SunTrust Banks Inc. upgraded shares of Sabre Corp. from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 1st. Deutsche Bank AG reiterated a “buy” rating on shares of Sabre Corp. in a research note on Tuesday, May 31st. Morgan Stanley reiterated a “buy” rating and issued a $38.00 price target on shares of Sabre Corp. in a research note on Wednesday, August 3rd. Finally, Evercore ISI reiterated a “buy” rating on shares of Sabre Corp. in a research note on Tuesday, June 21st. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $33.89.
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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