Sabre Corp. (SABR) EVP Sells $2,919,143.55 in Stock
Sabre Corp. (NASDAQ:SABR) EVP Hugh W. Jones sold 106,035 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $27.53, for a total value of $2,919,143.55. Following the completion of the transaction, the executive vice president now owns 206,191 shares of the company’s stock, valued at $5,676,438.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sabre Corp. (NASDAQ:SABR) traded down 0.51% during mid-day trading on Wednesday, hitting $27.36. The stock had a trading volume of 3,369,623 shares. The stock has a 50-day moving average price of $27.76 and a 200 day moving average price of $27.99. The firm has a market cap of $7.61 billion, a P/E ratio of 15.94 and a beta of 0.87. Sabre Corp. has a 12-month low of $22.03 and a 12-month high of $30.45.
Sabre Corp. (NASDAQ:SABR) last announced its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. Equities analysts anticipate that Sabre Corp. will post $1.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. Sabre Corp.’s dividend payout ratio (DPR) is presently 30.41%.
Hedge funds have recently made changes to their positions in the stock. Credit Agricole S A boosted its stake in shares of Sabre Corp. by 261.8% in the first quarter. Credit Agricole S A now owns 59,505 shares of the company’s stock worth $1,721,000 after buying an additional 43,059 shares during the period. Cannell Peter B & Co Inc purchased a new stake in shares of Sabre Corp. during the first quarter worth about $51,764,000. Burgundy Asset Management Ltd. boosted its stake in shares of Sabre Corp. by 502.1% in the first quarter. Burgundy Asset Management Ltd. now owns 4,807,939 shares of the company’s stock worth $139,046,000 after buying an additional 4,009,454 shares during the period. M&T Bank Corp boosted its stake in Sabre Corp. by 733.8% in the first quarter. M&T Bank Corp now owns 70,644 shares of the company’s stock worth $2,044,000 after buying an additional 62,171 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. boosted its stake in Sabre Corp. by 116.6% in the first quarter. C M Bidwell & Associates Ltd. now owns 123,640 shares of the company’s stock worth $3,576,000 after buying an additional 66,565 shares during the last quarter.
SABR has been the subject of several research analyst reports. KeyCorp reduced their price objective on Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, August 3rd. Zacks Investment Research cut Sabre Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Jefferies Group restated a “buy” rating and issued a $33.00 price objective on shares of Sabre Corp. in a research note on Tuesday, June 21st. Evercore ISI restated a “buy” rating on shares of Sabre Corp. in a research note on Tuesday, June 21st. Finally, Morgan Stanley reiterated a “buy” rating and set a $38.00 price target on shares of Sabre Corp. in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.20.
Sabre Corp. Company Profile
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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