Sabre Corporation (NASDAQ:SABR) Reaches New 1-Year Low Following Insider Selling

Sabre Corporation (NASDAQ:SABR)’s share price reached a new 52-week low during trading on Monday after an insider sold shares in the company. The stock traded as low as $19.40 and last traded at $19.35, with a volume of 2,021,008 shares traded. The stock had previously closed at $19.73.

Specifically, insider Judson Wade Jones sold 3,822 shares of the business’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 directly owns 31,726 shares in the company, valued at approximately $568,529.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following 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 brokerages have weighed in on SABR. Deutsche Bank AG boosted their target price on shares of Sabre Corporation from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Friday, June 9th. BidaskClub downgraded shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. TheStreet downgraded shares of Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $24.00 target price (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.11.

The firm has a market cap of $4.85 billion, a PE ratio of 36.71 and a beta of 0.71. The stock’s 50 day moving average is $20.54 and its 200 day moving average is $22.01.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio (DPR) is presently 116.67%.

A number of institutional investors have recently modified their holdings of SABR. Geneva Advisors LLC increased its stake in Sabre Corporation by 35.1% in the first quarter. Geneva Advisors LLC now owns 1,605,225 shares of the information technology services provider’s stock worth $34,015,000 after buying an additional 416,611 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Sabre Corporation by 0.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,646 shares of the information technology services provider’s stock worth $671,000 after buying an additional 291 shares during the period. Wells Fargo & Company MN increased its stake in Sabre Corporation by 10.3% in the first quarter. Wells Fargo & Company MN now owns 1,411,050 shares of the information technology services provider’s stock worth $29,900,000 after buying an additional 131,527 shares during the period. BB&T Corp increased its stake in Sabre Corporation by 222.1% in the first quarter. BB&T Corp now owns 433,297 shares of the information technology services provider’s stock worth $9,181,000 after buying an additional 298,758 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Sabre Corporation by 18.2% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,717 shares of the information technology services provider’s stock worth $354,000 after buying an additional 2,578 shares during the period.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by BNB Daily and is owned by of BNB Daily. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/sabre-corporation-nasdaqsabr-sets-new-1-year-low-on-insider-selling-updated.html.

Sabre Corporation 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.

Receive News & Ratings for Sabre Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply