Sabre Corp. (SABR) EVP William G. Robinson, Jr. Sells 20,439 Shares
Sabre Corp. (NASDAQ:SABR) EVP William G. Robinson, Jr. sold 20,439 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $28.01, for a total transaction of $572,496.39. Following the transaction, the executive vice president now directly owns 68,893 shares in the company, valued at approximately $1,929,692.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 27.36 on Thursday. The company has a 50-day moving average of $27.76 and a 200-day moving average of $27.99. Sabre Corp. has a 1-year low of $22.03 and a 1-year high of $30.45. The firm has a market capitalization of $7.61 billion, a PE ratio of 15.94 and a beta of 0.87.
Sabre Corp. (NASDAQ:SABR) last posted its earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. The company had revenue of $845.20 million for the quarter, compared to analysts’ expectations of $852.33 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. Sabre Corp.’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts predict that Sabre Corp. will post $1.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were given a $0.13 dividend. The ex-dividend date was Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.90%. Sabre Corp.’s payout ratio is currently 30.41%.
A number of research firms have commented on SABR. Goldman Sachs Group Inc. reissued a “buy” rating and set a $37.00 target price on shares of Sabre Corp. in a research report on Tuesday. Zacks Investment Research downgraded shares of Sabre Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Morgan Stanley restated a “buy” rating and issued a $38.00 price target on shares of Sabre Corp. in a report on Monday, September 12th. KeyCorp lowered their price target on shares of Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. lowered their price target on shares of Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. Sabre Corp. currently has a consensus rating of “Buy” and an average price target of $34.20.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 last quarter. FineMark National Bank & Trust raised its stake in shares of 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. raised its stake in shares of 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 raised its stake in shares of 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 acquired a new stake in shares of Sabre Corp. during the first quarter worth about $162,000.
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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