Investors Sell Shares of Sabre Corp. (SABR) on Strength (SABR)
Traders sold shares of Sabre Corp. (NASDAQ:SABR) on strength during trading hours on Monday. $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
A number of research firms have weighed in on SABR. Deutsche Bank AG reiterated a “buy” rating on shares of Sabre Corp. in a research note on Tuesday, May 31st. Evercore ISI reiterated a “buy” rating on shares of Sabre Corp. in a research note on Tuesday, June 21st. Jefferies Group reiterated a “buy” rating and set a $33.00 price objective on shares of Sabre Corp. in a research note on Tuesday, June 21st. Morgan Stanley reiterated a “buy” rating and set a $38.00 price objective on shares of Sabre Corp. in a research note on Wednesday, August 3rd. Finally, TheStreet upgraded Sabre Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $33.89.
The stock has a 50 day moving average of $27.84 and a 200-day moving average of $27.74. The stock has a market cap of $7.62 billion and a P/E ratio of 15.97.
Sabre Corp. (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. During the same quarter in the prior year, the company earned $0.27 EPS. The company earned $845.20 million during the quarter, compared to analyst estimates of $852.33 million. The business’s revenue was up 19.5% on a year-over-year basis. On average, equities analysts anticipate that Sabre Corp. will post $1.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st will be paid a $0.13 dividend. The ex-dividend date is Monday, September 19th. This represents a $0.52 annualized dividend and a yield of 1.90%.
In other Sabre Corp. news, insider Deborah Kerr sold 45,000 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $29.28, for a total value of $1,317,600.00. Following the completion of the transaction, the insider now owns 163,885 shares in the company, valued at $4,798,552.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hugh W. Jones sold 106,036 shares of the company’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 transaction, the executive vice president now owns 206,192 shares of the company’s stock, valued at approximately $5,765,128.32. The disclosure for this sale can be found here.
Several large investors have made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of Sabre Corp. by 5.0% in the fourth quarter. Bank of Montreal Can now owns 532,516 shares of the company’s stock worth $14,894,000 after buying an additional 25,125 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Sabre Corp. by 21.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,034,092 shares of the company’s stock worth $28,923,000 after buying an additional 180,521 shares during the last quarter. Andra AP fonden acquired a new stake in shares of Sabre Corp. during the fourth quarter worth approximately $2,005,000. 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 worth $1,179,000 after buying an additional 8,320 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Sabre Corp. during the fourth quarter worth approximately $3,270,000.
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.
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