Sabre Corporation (NASDAQ:SABR) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totalling 32,390,911 shares, a decline of 3.6% from the July 14th total of 33,608,328 shares. Based on an average trading volume of 2,603,978 shares, the days-to-cover ratio is currently 12.4 days. Approximately 16.2% of the company’s stock are short sold.

Sabre Corporation (NASDAQ SABR) opened at 17.89 on Friday. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 37.74 and a beta of 0.71. Sabre Corporation has a 1-year low of $17.81 and a 1-year high of $29.45. The firm has a 50-day moving average price of $21.18 and a 200 day moving average price of $22.25.

Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $900.66 million for the quarter, compared to analyst estimates of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. Sabre Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. On average, equities research analysts anticipate that Sabre Corporation will post $1.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is currently 116.67%.

In related news, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the completion of the sale, the insider now directly owns 31,726 shares in the company, valued at $568,529.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $726,332.00. Following the completion of the sale, the insider now owns 82,600 shares of the company’s stock, valued at $1,661,912. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

A number of large investors have recently bought and sold shares of SABR. Creative Planning raised its stake in Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after buying an additional 205 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Sabre Corporation 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 worth $107,000 after buying an additional 232 shares in the last quarter. Advisor Group Inc. raised its stake in Sabre Corporation by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after buying an additional 2,029 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Sabre Corporation by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after buying an additional 1,100 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Sabre Corporation by 17.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,529 shares of the information technology services provider’s stock worth $202,000 after buying an additional 1,442 shares in the last quarter.

Several analysts recently weighed in on the company. Cowen and Company restated an “outperform” rating and issued a $23.00 price objective (down from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet downgraded Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Mizuho reiterated a “buy” rating and issued a $25.00 target price (down previously from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $24.00 target price (down previously from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Sabre Corporation from a “buy” rating to a “sell” rating in a research note on Wednesday. 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 stock. Sabre Corporation has an average rating of “Hold” and a consensus price target of $25.13.

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About Sabre Corporation

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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