Sabre Corp. (SABR) Short Interest Up 20.8% in September
Sabre Corp. (NASDAQ:SABR) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 15,536,588 shares, a growth of 20.8% from the August 31st total of 12,865,355 shares. Based on an average daily volume of 2,699,350 shares, the short-interest ratio is currently 5.8 days. Currently, 7.7% of the shares of the stock are short sold.
In other Sabre Corp. news, Vice Chairman Gregory T. Webb sold 105,088 shares of Sabre Corp. stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $27.07, for a total value of $2,844,732.16. Following the transaction, the insider now owns 85,354 shares in the company, valued at $2,310,532.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lawrence W. Kellner sold 25,000 shares of Sabre Corp. stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $26.86, for a total value of $671,500.00. Following the completion of the transaction, the director now owns 232,352 shares in the company, valued at approximately $6,240,974.72. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Harbour Capital Advisors LLC acquired a new position in shares of Sabre Corp. during the second quarter worth $928,000. Royal Bank of Canada raised its position in shares of Sabre Corp. by 251.3% in the second quarter. Royal Bank of Canada now owns 341,123 shares of the company’s stock worth $9,138,000 after buying an additional 244,020 shares in the last quarter. IFP Advisors Inc raised its position in shares of Sabre Corp. by 49.1% in the second quarter. IFP Advisors Inc now owns 3,965 shares of the company’s stock worth $106,000 after buying an additional 1,305 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Sabre Corp. by 172.8% in the second quarter. Public Employees Retirement System of Ohio now owns 74,712 shares of the company’s stock worth $2,002,000 after buying an additional 47,328 shares in the last quarter. Finally, Lebenthal Holdings LLC raised its position in shares of Sabre Corp. by 1.5% in the second quarter. Lebenthal Holdings LLC now owns 11,265 shares of the company’s stock worth $302,000 after buying an additional 170 shares in the last quarter.
Sabre Corp. (NASDAQ:SABR) opened at 27.57 on Wednesday. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 16.07 and a beta of 0.86. The company has a 50 day moving average price of $27.64 and a 200-day moving average price of $27.98. Sabre Corp. has a 1-year low of $22.03 and a 1-year high of $30.45.
Sabre Corp. (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $845.20 million for the quarter, compared to analysts’ expectations of $852.33 million. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, analysts forecast that Sabre Corp. will post $1.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 21st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.89%. Sabre Corp.’s dividend payout ratio (DPR) is 30.41%.
A number of research firms have issued reports on SABR. Deutsche Bank AG reiterated a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, May 31st. Morgan Stanley reiterated a “buy” rating and issued a $38.00 target price on shares of Sabre Corp. in a research report on Monday, September 12th. Oppenheimer Holdings Inc. decreased their target price on Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. SunTrust Banks Inc. upgraded Sabre Corp. from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Finally, Evercore ISI reiterated a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $33.89.
About Sabre Corp.
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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