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.
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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.
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