Traders Sell Shares of Sabre Corp. (SABR) on Strength (SABR)
Investors sold shares of Sabre Corp. (NASDAQ:SABR) on strength during trading 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 equities tracked, Sabre Corp. had the 0th 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. KeyCorp cut their price objective on shares of Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and set a $33.00 price objective on shares of Sabre Corp. in a research report on Tuesday, June 21st. Evercore ISI reaffirmed a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st. TheStreet raised shares of Sabre Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Finally, SunTrust Banks Inc. raised shares of Sabre Corp. from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.89.
The stock’s 50 day moving average price is $27.79 and its 200-day moving average price is $27.69. The stock has a market capitalization of $7.59 billion and a P/E ratio of 15.91.
Sabre Corp. (NASDAQ:SABR) last announced its quarterly 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. During the same period in the prior year, the business earned $0.27 earnings per share. The firm had revenue of $845.20 million for the quarter, compared to the consensus estimate of $852.33 million. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities analysts predict that Sabre Corp. will post $1.44 EPS 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. The ex-dividend date of this dividend is Monday, September 19th. This represents a $0.52 annualized dividend and a yield of 1.90%.
In related news, Director Lawrence W. Kellner sold 25,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 232,352 shares of the company’s stock, valued at approximately $6,240,974.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Hugh W. Jones sold 106,036 shares of the business’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $27.96, for a total transaction of $2,964,766.56. Following the completion of the sale, the executive vice president now directly owns 206,192 shares in the company, valued at $5,765,128.32. The disclosure for this sale can be found here.
A number of large investors recently bought and sold shares of the stock. King Luther Capital Management Corp boosted its stake in 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 in the last quarter. BlackRock Advisors LLC boosted its stake 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 in the last quarter. BNP Paribas Arbitrage SA boosted its stake 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 in the last quarter. Marshall Wace LLP bought a new stake in Sabre Corp. during the fourth quarter valued at approximately $3,270,000. Finally, Suntrust Banks Inc. boosted its stake in Sabre Corp. by 24.5% in the fourth quarter. Suntrust Banks Inc. now owns 42,216 shares of the company’s stock valued at $1,179,000 after buying an additional 8,320 shares in the last quarter.
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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