Sabre Corp. (NASDAQ:SABR) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 15,536,588 shares, a growth of 20.8% from the August 31st total of 12,865,355 shares. Based on an average daily volume of 2,699,350 shares, the short-interest ratio is currently 5.8 days. Approximately 7.7% of the company’s stock are short sold.
Sabre Corp. (NASDAQ:SABR) opened at 28.18 on Friday. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 16.42 and a beta of 0.86. The firm’s 50-day moving average is $27.74 and its 200-day moving average is $27.98. Sabre Corp. has a 1-year low of $22.03 and a 1-year high of $30.45.
Sabre Corp. (NASDAQ:SABR) last released its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating 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 business earned $845.20 million during the quarter, compared to analysts’ expectations of $852.33 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. On average, equities analysts anticipate that Sabre Corp. will post $1.44 EPS for the current year.
The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.85%. Sabre Corp.’s dividend payout ratio (DPR) is 30.41%.
Several research firms have recently commented on SABR. Morgan Stanley reaffirmed a “buy” rating and issued a $38.00 price target on shares of Sabre Corp. in a report on Monday, September 12th. Evercore ISI reaffirmed a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Jefferies Group reaffirmed a “buy” rating and issued a $33.00 price target on shares of Sabre Corp. in a report on Tuesday, June 21st. Oppenheimer Holdings Inc. decreased their price target on shares of Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Finally, KeyCorp decreased their price target on shares of Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $33.89.
In other news, Director Lawrence W. Kellner sold 20,000 shares of Sabre Corp. stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $28.26, for a total value of $565,200.00. Following the completion of the transaction, the director now directly owns 212,352 shares of the company’s stock, valued at approximately $6,001,067.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Gregory T. Webb sold 105,088 shares of Sabre Corp. stock in a transaction dated 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 transaction, the insider now directly owns 85,354 shares of the company’s stock, valued at $2,310,532.78. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in SABR. Harbour Capital Advisors LLC bought a new position in Sabre Corp. during the second quarter worth approximately $928,000. Royal Bank of Canada boosted its position in Sabre Corp. by 251.3% in the second quarter. Royal Bank of Canada now owns 341,123 shares of the company’s stock worth $9,138,000 after buying an additional 244,020 shares during the period. 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 worth $106,000 after buying an additional 1,305 shares during the period. Public Employees Retirement System of Ohio boosted its position in 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 worth $2,002,000 after buying an additional 47,328 shares during the period. Finally, Lebenthal Holdings LLC boosted 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.
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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