Sabre Corp. (SABR) Vice Chairman Gregory T. Webb Sells 105,088 Shares of Stock
Sabre Corp. (NASDAQ:SABR) Vice Chairman Gregory T. Webb sold 105,088 shares of Sabre Corp. stock in a transaction on 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 directly owns 85,354 shares of the company’s stock, valued at $2,310,532.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 27.54 on Thursday. Sabre Corp. has a 52-week low of $22.03 and a 52-week high of $30.45. The firm’s 50-day moving average price is $27.66 and its 200-day moving average price is $27.98. The stock has a market cap of $7.66 billion, a P/E ratio of 16.05 and a beta of 0.86.
Sabre Corp. (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. The company earned $845.20 million during the quarter, compared to analysts’ expectations of $852.33 million. During the same period in the prior year, the company earned $0.27 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts forecast that Sabre Corp. will post $1.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Monday, September 19th. Sabre Corp.’s dividend payout ratio (DPR) is 30.41%.
Large investors have recently added to or reduced their stakes in the stock. Brookside Capital Management LLC boosted its stake in Sabre Corp. by 21.0% in the first quarter. Brookside Capital Management LLC now owns 3,583,007 shares of the company’s stock worth $103,621,000 after buying an additional 622,369 shares during the period. State Street Corp boosted its stake in Sabre Corp. by 15.4% in the first quarter. State Street Corp now owns 2,559,442 shares of the company’s stock valued at $74,022,000 after buying an additional 342,064 shares during the last quarter. Scopia Capital Management LP bought a new stake in Sabre Corp. during the first quarter valued at $177,673,000. Artemis Investment Management LLP boosted its stake in Sabre Corp. by 100.0% in the second quarter. Artemis Investment Management LLP now owns 700,200 shares of the company’s stock valued at $18,748,000 after buying an additional 350,100 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in Sabre Corp. by 53.8% in the first quarter. AMP Capital Investors Ltd now owns 88,912 shares of the company’s stock valued at $2,539,000 after buying an additional 31,100 shares during the last quarter.
Several equities analysts have weighed in on SABR shares. SunTrust Banks Inc. raised Sabre Corp. from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Evercore ISI reissued a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st. Jefferies Group reissued a “buy” rating and set a $33.00 price target on shares of Sabre Corp. in a research report on Tuesday, June 21st. Oppenheimer Holdings Inc. dropped their price target on Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. Finally, KeyCorp dropped their price target on Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus 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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