Sabre Corp. (SABR) Sees Large Volume Increase
Sabre Corp. (NASDAQ:SABR) saw unusually-strong trading volume on Thursday . Approximately 3,042,536 shares traded hands during trading, an increase of 6% from the previous session’s volume of 2,866,260 shares.The stock last traded at $29.16 and had previously closed at $29.34.
A number of equities analysts have issued reports on SABR shares. Pacific Crest started coverage on shares of Sabre Corp. in a research report on Thursday, March 31st. They set an “overweight” rating and a $35.00 price target for the company. Deutsche Bank AG reissued a “buy” rating and set a $34.00 price target on shares of Sabre Corp. in a research report on Thursday, April 7th. Sterne Agee CRT started coverage on shares of Sabre Corp. in a research report on Tuesday, April 12th. They set a “buy” rating and a $33.00 price target for the company. Zacks Investment Research raised shares of Sabre Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 13th. Finally, TheStreet raised shares of Sabre Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.50.
The stock has a market capitalization of $8.10 billion and a P/E ratio of 18.50. The firm’s 50-day moving average is $27.64 and its 200-day moving average is $27.47.
Sabre Corp. (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $859.50 million for the quarter, compared to analyst estimates of $849.87 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 21.0% on a year-over-year basis. On average, analysts anticipate that Sabre Corp. will post $1.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Tuesday, June 21st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, June 17th.
In related news, EVP Hugh W. Jones sold 106,036 shares of the stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $27.96, for a total transaction of $2,964,766.56. Following the transaction, the executive vice president now directly owns 206,192 shares in the company, valued at $5,765,128.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence W. Kellner sold 25,000 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $26.86, for a total value of $671,500.00. Following the transaction, the director now owns 232,352 shares in the company, valued at $6,240,974.72. The disclosure for this sale can be found here.
A number of institutional investors have added to or reduced their stakes in SABR. Russell Frank Co increased its position in Sabre Corp. by 57.1% in the fourth quarter. Russell Frank Co now owns 141,878 shares of the company’s stock valued at $3,999,000 after buying an additional 51,546 shares during the period. State Board of Administration of Florida Retirement System increased its position in Sabre Corp. by 127.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 49,077 shares of the company’s stock valued at $1,373,000 after buying an additional 27,509 shares during the period. Nationwide Fund Advisors acquired a new position in Sabre Corp. during the fourth quarter valued at $2,238,000. Swiss National Bank increased its position in Sabre Corp. by 80.2% in the fourth quarter. Swiss National Bank now owns 323,300 shares of the company’s stock valued at $9,043,000 after buying an additional 143,908 shares during the period. Finally, Rhumbline Advisers increased its position in Sabre Corp. by 5.5% in the fourth quarter. Rhumbline Advisers now owns 101,239 shares of the company’s stock valued at $2,832,000 after buying an additional 5,310 shares during the period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.