Sabre Corp. (SABR) Trading Down 9%
Sabre Corp. (NASDAQ:SABR) was down 9% during mid-day trading on Tuesday . The stock traded as low as $25.90 and last traded at $26.64, with a volume of 11,120,205 shares changing hands. The stock had previously closed at $29.29.
Several equities research analysts recently issued reports on SABR shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $34.00 price target on shares of Sabre Corp. in a report on Thursday, April 7th. Sterne Agee CRT started coverage on shares of Sabre Corp. in a report on Tuesday, April 12th. They set a “buy” rating and a $33.00 price target on the stock. Zacks Investment Research raised shares of Sabre Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 13th. TheStreet raised shares of Sabre Corp. from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Finally, SunTrust Banks Inc. raised shares of Sabre Corp. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 1st. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $34.00.
The stock has a market cap of $7.51 billion and a PE ratio of 15.75. The stock has a 50-day moving average price of $27.79 and a 200 day moving average price of $27.65.
Sabre Corp. (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm earned $845.20 million during the quarter, compared to analysts’ expectations of $852.33 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Analysts forecast that Sabre Corp. will post $1.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, September 19th.
In related news, Director Lawrence W. Kellner sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $26.86, for a total value of $671,500.00. Following the transaction, the director now directly owns 232,352 shares in the company, valued at $6,240,974.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Gregory T. Webb sold 51,002 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $28.60, for a total transaction of $1,458,657.20. Following the completion of the transaction, the insider now owns 131,668 shares in the company, valued at $3,765,704.80. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently bought and sold shares of SABR. BlackRock Advisors LLC boosted its position in Sabre Corp. by 67.4% in the fourth quarter. BlackRock Advisors LLC now owns 971,418 shares of the company’s stock valued at $27,171,000 after buying an additional 391,087 shares during the period. Dimensional Fund Advisors LP boosted its position in Sabre Corp. by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 449,668 shares of the company’s stock valued at $12,578,000 after buying an additional 46,399 shares during the period. BNP Paribas Arbitrage SA boosted its position in Sabre Corp. by 133.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 331,367 shares of the company’s stock valued at $9,268,000 after buying an additional 189,522 shares during the period. Marshall Wace LLP bought a new position in Sabre Corp. during the fourth quarter valued at $3,270,000. Finally, Navellier & Associates Inc bought a new position in Sabre Corp. during the fourth quarter valued at $12,586,000.
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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