Insider Selling: Sabre Corp (NASDAQ:SABR) Insider Sells 3,822 Shares of Stock
Sabre Corp (NASDAQ:SABR) insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total value of $68,490.24. Following the completion of the transaction, the insider now owns 31,726 shares in the company, valued at approximately $568,529.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Sabre Corp (SABR) traded up 0.11% during midday trading on Friday, hitting $17.89. The company’s stock had a trading volume of 2,418,233 shares. The firm has a market cap of $4.99 billion, a P/E ratio of 37.74 and a beta of 0.71. The company’s 50 day moving average price is $21.31 and its 200 day moving average price is $22.30. Sabre Corp has a 12 month low of $17.81 and a 12 month high of $29.45.
Sabre Corp (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The business had revenue of $900.66 million for the quarter, compared to analysts’ expectations of $895.05 million. Sabre Corp had a negative net margin of 0.46% and a negative return on equity of 3.22%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. Analysts expect that Sabre Corp will post $1.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, September 20th. Sabre Corp’s dividend payout ratio is presently 116.67%.
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Several equities analysts recently commented on SABR shares. Zacks Investment Research upgraded Sabre Corp from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 13th. TheStreet upgraded Sabre Corp from a “c” rating to a “b-” rating in a research note on Monday, April 17th. Deutsche Bank AG upped their price objective on Sabre Corp from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. BidaskClub downgraded Sabre Corp from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Finally, Mizuho reiterated a “buy” rating and issued a $25.00 price objective (down previously from $27.00) on shares of Sabre Corp in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.13.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning boosted its position in shares of Sabre Corp by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 205 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Sabre Corp by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 232 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Sabre Corp by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after buying an additional 2,029 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Sabre Corp by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after buying an additional 1,100 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of Sabre Corp during the second quarter valued at $203,000.
Sabre Corp Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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