Alexander S. Alt Sells 66,164 Shares of Sabre Corp. (SABR) Stock
Sabre Corp. (NASDAQ:SABR) insider Alexander S. Alt sold 66,164 shares of the company’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $26.96, for a total value of $1,783,781.44. Following the completion of the sale, the insider now owns 48,730 shares of the company’s stock, valued at $1,313,760.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Sabre Corp. (NASDAQ:SABR) opened at 27.65 on Friday. Sabre Corp. has a 1-year low of $22.03 and a 1-year high of $30.45. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 16.11 and a beta of 0.86. The company’s 50-day moving average price is $27.60 and its 200 day moving average price is $27.99.
Sabre Corp. (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. The company earned $845.20 million during the quarter, compared to analysts’ expectations of $852.33 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities analysts expect that Sabre Corp. will post $1.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st will be issued a $0.13 dividend. The ex-dividend date is Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.88%. Sabre Corp.’s dividend payout ratio (DPR) is 30.41%.
Several institutional investors have recently added to or reduced their stakes in SABR. IFP Advisors Inc boosted its position in Sabre Corp. by 49.1% in the second quarter. IFP Advisors Inc now owns 3,965 shares of the company’s stock worth $106,000 after buying an additional 1,305 shares during the period. FineMark National Bank & Trust boosted its position in Sabre Corp. by 64.7% in the second quarter. FineMark National Bank & Trust now owns 5,096 shares of the company’s stock worth $137,000 after buying an additional 2,001 shares during the period. American International Group Inc. boosted its position in Sabre Corp. by 51.6% in the second quarter. American International Group Inc. now owns 5,107 shares of the company’s stock worth $137,000 after buying an additional 1,738 shares during the period. LS Investment Advisors LLC boosted its position in Sabre Corp. by 12.1% in the second quarter. LS Investment Advisors LLC now owns 5,810 shares of the company’s stock worth $156,000 after buying an additional 627 shares during the period. Finally, BlueMountain Capital Management LLC bought a new position in Sabre Corp. during the first quarter worth $162,000.
SABR has been the subject of several analyst reports. KeyCorp dropped their target price on Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. Jefferies Group restated a “buy” rating and issued a $33.00 target price on shares of Sabre Corp. in a report on Tuesday, June 21st. Evercore ISI restated a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. SunTrust Banks Inc. upgraded Sabre Corp. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 1st. Finally, Morgan Stanley reiterated a “buy” rating and set a $38.00 price target on shares of Sabre Corp. in a report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Sabre Corp. presently has a consensus rating of “Buy” and a consensus price target of $33.89.
About Sabre Corp.
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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