Sean E. Menke Sells 17,000 Shares of Sabre Corp (NASDAQ:SABR) Stock

Sabre Corp (NASDAQ:SABR) CEO Sean E. Menke sold 17,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $22.33, for a total value of $379,610.00. Following the completion of the sale, the chief executive officer now directly owns 203,509 shares in the company, valued at $4,544,355.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of SABR stock traded down $0.08 during trading hours on Wednesday, hitting $22.39. 892,842 shares of the company’s stock traded hands, compared to its average volume of 1,923,894. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.43. The stock’s fifty day simple moving average is $22.11 and its two-hundred day simple moving average is $22.53. Sabre Corp has a 12-month low of $19.41 and a 12-month high of $25.76. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 5.10 and a beta of 0.74.

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Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, October 31st. The information technology services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Sabre had a return on equity of 30.10% and a net margin of 5.89%. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $996.61 million. During the same quarter in the prior year, the business posted $0.39 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Sabre Corp will post 0.82 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Brookstone Capital Management raised its position in shares of Sabre by 7.0% in the 2nd quarter. Brookstone Capital Management now owns 41,611 shares of the information technology services provider’s stock worth $924,000 after purchasing an additional 2,737 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Sabre by 0.8% during the second quarter. Arizona State Retirement System now owns 199,379 shares of the information technology services provider’s stock valued at $4,426,000 after purchasing an additional 1,622 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Sabre by 192.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 136,712 shares of the information technology services provider’s stock worth $3,035,000 after acquiring an additional 90,000 shares during the period. Financial Gravity Wealth Inc. lifted its holdings in Sabre by 303.1% in the second quarter. Financial Gravity Wealth Inc. now owns 2,979 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 2,240 shares during the period. Finally, Alpha Windward LLC bought a new stake in shares of Sabre during the 2nd quarter valued at about $26,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the company. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating and set a $23.00 price objective for the company in a research report on Wednesday, November 6th. TheStreet cut shares of Sabre from a “b-” rating to a “c+” rating in a report on Thursday, October 3rd. Finally, BidaskClub downgraded shares of Sabre from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.44.

Sabre Company Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.

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