Sabre Corp. (NASDAQ:SABR) insider Alexander S. Alt sold 66,164 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $26.96, for a total transaction of $1,783,781.44. Following the transaction, the insider now directly owns 48,730 shares in the company, valued at approximately $1,313,760.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 27.16 on Monday. The stock has a market capitalization of $7.55 billion, a PE ratio of 15.83 and a beta of 0.86. The stock has a 50 day moving average of $27.60 and a 200 day moving average of $27.98. Sabre Corp. has a 52-week low of $22.03 and a 52-week high of $30.45.
Sabre Corp. (NASDAQ:SABR) last released its earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. The firm had revenue of $845.20 million for the quarter, compared to the consensus estimate of $852.33 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Analysts forecast that Sabre Corp. will post $1.44 earnings per share for the current year.
The business also recently announced 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. This represents a $0.52 annualized dividend 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 presently 30.41%.
Several institutional investors have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC acquired a new stake in shares of Sabre Corp. during the second quarter valued at $928,000. Royal Bank of Canada boosted its stake in shares of Sabre Corp. by 251.3% in the second quarter. Royal Bank of Canada now owns 341,123 shares of the company’s stock valued at $9,138,000 after buying an additional 244,020 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of 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 in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Sabre Corp. by 172.8% in the second quarter. Public Employees Retirement System of Ohio now owns 74,712 shares of the company’s stock valued at $2,002,000 after buying an additional 47,328 shares in the last quarter. Finally, Lebenthal Holdings LLC boosted its stake in shares of Sabre Corp. by 1.5% in the second quarter. Lebenthal Holdings LLC now owns 11,265 shares of the company’s stock valued at $302,000 after buying an additional 170 shares in the last quarter.
Several equities analysts recently commented on SABR shares. SunTrust Banks Inc. raised shares of Sabre Corp. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 1st. Deutsche Bank AG reissued a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, May 31st. Evercore ISI reissued a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st. Jefferies Group reissued a “buy” rating and set a $33.00 price target on shares of Sabre Corp. in a research report on Tuesday, June 21st. Finally, Oppenheimer Holdings Inc. dropped their price target 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 stock. The stock currently has a consensus rating of “Buy” and an average price target 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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