Traders Sell Sabre Corp. (SABR) on Strength (SABR)
Investors sold shares of Sabre Corp. (NASDAQ:SABR) on strength during trading hours on Friday. $7.76 million flowed into the stock on the tick-up and $34.68 million flowed out of the stock on the tick-down, for a money net flow of $26.92 million out of the stock. Of all stocks tracked, Sabre Corp. had the 13th highest net out-flow for the day. Sabre Corp. traded up $0.46 for the day and closed at $27.30
Several equities analysts recently weighed in on SABR shares. Deutsche Bank AG reissued a “buy” rating on shares of Sabre Corp. in a research note on Tuesday, May 31st. Evercore ISI reissued a “buy” rating on shares of Sabre Corp. in a research note on Tuesday, June 21st. Jefferies Group reissued a “buy” rating and issued a $33.00 target price on shares of Sabre Corp. in a research note on Tuesday, June 21st. Morgan Stanley reissued a “buy” rating and issued a $38.00 target price on shares of Sabre Corp. in a research note on Wednesday, August 3rd. Finally, TheStreet raised shares of Sabre Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $33.89.
The stock has a market capitalization of $7.59 billion and a P/E ratio of 15.91. The firm has a 50 day moving average price of $27.79 and a 200-day moving average price of $27.69.
Sabre Corp. (NASDAQ:SABR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $845.20 million for the quarter, compared to analyst estimates of $852.33 million. Sabre Corp.’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. On average, analysts forecast that Sabre Corp. will post $1.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, September 19th.
In related news, Vice Chairman Gregory T. Webb sold 51,002 shares of the company’s stock in a transaction 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 sale, the insider now owns 131,668 shares in the company, valued at $3,765,704.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hugh W. Jones sold 106,036 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $26.68, for a total value of $2,829,040.48. Following the sale, the insider now owns 144,298 shares of the company’s stock, valued at approximately $3,849,870.64. The disclosure for this sale can be found here.
Other large investors recently made changes to their positions in the company. King Luther Capital Management Corp increased its stake in shares of Sabre Corp. by 4.0% in the fourth quarter. King Luther Capital Management Corp now owns 4,090,161 shares of the company’s stock valued at $114,402,000 after buying an additional 156,301 shares during the period. BlackRock Advisors LLC increased its stake in shares of 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. BNP Paribas Arbitrage SA increased its stake in shares of 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 acquired a new position in shares of Sabre Corp. during the fourth quarter worth about $3,270,000. Finally, Suntrust Banks Inc. increased its position in shares of Sabre Corp. by 24.5% in the fourth quarter. Suntrust Banks Inc. now owns 42,216 shares of the company’s stock worth $1,179,000 after buying an additional 8,320 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.
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