Sabre Corp. (NASDAQ:SABR) EVP Hugh W. Jones sold 106,035 shares of Sabre Corp. stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $27.53, for a total value of $2,919,143.55. Following the sale, the executive vice president now directly owns 206,191 shares in the company, valued at $5,676,438.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 27.36 on Thursday. The firm has a market capitalization of $7.61 billion, a P/E ratio of 15.94 and a beta of 0.87. Sabre Corp. has a 52-week low of $22.03 and a 52-week high of $30.45. The firm has a 50-day moving average price of $27.76 and a 200-day moving average price of $27.99.
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 Thomson Reuters’ 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 quarter last year, the company earned $0.27 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. On average, equities research analysts anticipate that Sabre Corp. will post $1.44 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Monday, September 19th. Sabre Corp.’s payout ratio is presently 30.41%.
Several large investors have recently added to or reduced their stakes in the stock. Brookside Capital Management LLC raised its position in Sabre Corp. by 21.0% in the first quarter. Brookside Capital Management LLC now owns 3,583,007 shares of the company’s stock valued at $103,621,000 after buying an additional 622,369 shares during the period. Artemis Investment Management LLP raised its position in Sabre Corp. by 100.0% in the second quarter. Artemis Investment Management LLP now owns 700,200 shares of the company’s stock valued at $18,748,000 after buying an additional 350,100 shares during the period. State Street Corp raised its position in Sabre Corp. by 15.4% in the first quarter. State Street Corp now owns 2,559,442 shares of the company’s stock valued at $74,022,000 after buying an additional 342,064 shares during the period. Scopia Capital Management LP acquired a new position in Sabre Corp. during the first quarter valued at about $177,673,000. Finally, AMP Capital Investors Ltd raised its position in Sabre Corp. by 53.8% in the first quarter. AMP Capital Investors Ltd now owns 88,912 shares of the company’s stock valued at $2,539,000 after buying an additional 31,100 shares during the period.
Several equities analysts have recently commented on the company. Oppenheimer Holdings Inc. lowered their target price on Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. KeyCorp lowered their target price on Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. Morgan Stanley reaffirmed a “buy” rating and set a $38.00 target price on shares of Sabre Corp. in a report on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and set a $33.00 target price on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, Zacks Investment Research lowered Sabre Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $34.20.
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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