Sabre Corp. (NASDAQ:SABR) Vice Chairman Gregory T. Webb sold 220,000 shares of the stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $26.47, for a total value of $5,823,400.00. Following the completion of the sale, the insider now directly owns 220,000 shares of the company’s stock, valued at approximately $5,823,400. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 26.56 on Thursday. Sabre Corp. has a one year low of $22.03 and a one year high of $30.45. The firm has a market cap of $7.39 billion, a P/E ratio of 15.48 and a beta of 0.87. The firm’s 50-day moving average price is $27.71 and its 200 day moving average price is $27.96.
Sabre Corp. (NASDAQ:SABR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. The business had revenue of $845.20 million for the quarter, compared to analysts’ expectations of $852.33 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. Analysts predict that Sabre Corp. will post $1.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were given a $0.13 dividend. The ex-dividend date was Monday, September 19th. This represents a $0.52 annualized dividend and a yield of 1.96%. Sabre Corp.’s dividend payout ratio is currently 30.41%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Scopia Capital Management LP acquired a new position in Sabre Corp. during the first quarter valued at $177,673,000. Vulcan Value Partners LLC acquired a new position in Sabre Corp. during the second quarter valued at $131,419,000. JPMorgan Chase & Co. boosted its position in Sabre Corp. by 3,995.2% in the first quarter. JPMorgan Chase & Co. now owns 2,280,994 shares of the company’s stock valued at $65,966,000 after buying an additional 2,225,295 shares in the last quarter. Fiera Capital Corp acquired a new position in Sabre Corp. during the second quarter valued at $57,914,000. Finally, Allianz Asset Management AG boosted its position in Sabre Corp. by 134.2% in the second quarter. Allianz Asset Management AG now owns 3,142,323 shares of the company’s stock valued at $84,183,000 after buying an additional 1,800,389 shares in the last quarter.
Several research firms have recently commented on SABR. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $37.00 price objective on shares of Sabre Corp. in a report on Tuesday, October 4th. Zacks Investment Research downgraded Sabre Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 4th. Morgan Stanley reissued a “buy” rating and issued a $38.00 price objective on shares of Sabre Corp. in a report on Monday, September 12th. KeyCorp cut their price objective on Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. cut their price objective on Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. Sabre Corp. has an average rating of “Buy” and an average target price of $34.20.
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.
Receive News & Ratings for Sabre Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corp. and related companies with MarketBeat.com's FREE daily email newsletter.