Sabre Corp. (SABR) Sees Unusually-High Trading Volume
Shares of Sabre Corp. (NASDAQ:SABR) saw strong trading volume on Thursday . 3,042,536 shares changed hands during trading, an increase of 6% from the previous session’s volume of 2,866,260 shares.The stock last traded at $29.16 and had previously closed at $29.34.
A number of equities research analysts recently weighed in on the stock. SunTrust Banks Inc. upgraded shares of Sabre Corp. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 1st. Deutsche Bank AG reiterated a “buy” rating on shares of Sabre Corp. in a report on Wednesday, May 18th. TheStreet upgraded shares of Sabre Corp. from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Jefferies Group restated a “buy” rating and issued a $33.00 price target on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, Evercore ISI restated a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.50.
The company has a 50-day moving average of $27.70 and a 200-day moving average of $27.50. The stock has a market capitalization of $8.09 billion and a PE ratio of 18.48.
Sabre Corp. (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The business earned $859.50 million during the quarter, compared to analysts’ expectations of $849.87 million. During the same period in the previous year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities research analysts forecast that Sabre Corp. will post $1.46 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, June 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, June 17th.
In other news, EVP Deborah Kerr sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $29.00, for a total value of $1,305,000.00. Following the completion of the transaction, the executive vice president now owns 163,885 shares of the company’s stock, valued at $4,752,665. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Gregory T. Webb sold 51,002 shares of the firm’s stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $27.91, for a total transaction of $1,423,465.82. Following the completion of the transaction, the insider now directly owns 131,668 shares of the company’s stock, valued at approximately $3,674,853.88. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have bought and sold shares of the company. Herndon Capital Management LLC raised its position in Sabre Corp. by 63.2% in the fourth quarter. Herndon Capital Management LLC now owns 40,790 shares of the company’s stock valued at $1,141,000 after buying an additional 15,802 shares during the last quarter. Suntrust Banks Inc. boosted its stake 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 valued at $1,179,000 after buying an additional 8,320 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Sabre Corp. by 127.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 49,077 shares of the company’s stock valued at $1,373,000 after buying an additional 27,509 shares during the period. BOKF NA purchased a new stake in shares of Sabre Corp. during the fourth quarter valued at $1,501,000. Finally, Gulf International Bank UK Ltd purchased a new stake in shares of Sabre Corp. during the fourth quarter valued at $1,516,000.
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.