Hugh W. Jones Sells 106,035 Shares of Sabre Corp. (SABR) Stock
Sabre Corp. (NASDAQ:SABR) EVP Hugh W. Jones sold 106,035 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $27.53, for a total value of $2,919,143.55. Following the completion of the transaction, the executive vice president now owns 206,191 shares in the company, valued at $5,676,438.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 27.35 on Friday. The company has a 50-day moving average price of $27.77 and a 200 day moving average price of $27.98. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 15.94 and a beta of 0.87. Sabre Corp. has a one year low of $22.03 and a one year high of $30.45.
Sabre Corp. (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The company 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 revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. Equities research analysts expect that Sabre Corp. will post $1.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, September 19th. This represents a $0.52 annualized dividend and a yield of 1.90%. Sabre Corp.’s payout ratio is 30.41%.
Large investors have recently modified their holdings of the company. IFP Advisors Inc boosted its stake 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 valued at $106,000 after buying an additional 1,305 shares during the last quarter. FineMark National Bank & Trust increased its stake in Sabre Corp. by 64.7% in the second quarter. FineMark National Bank & Trust now owns 5,096 shares of the company’s stock valued at $137,000 after buying an additional 2,001 shares during the period. American International Group Inc. increased its stake in Sabre Corp. by 51.6% in the second quarter. American International Group Inc. now owns 5,107 shares of the company’s stock valued at $137,000 after buying an additional 1,738 shares during the period. BlueMountain Capital Management LLC bought a new stake in Sabre Corp. during the first quarter valued at approximately $162,000. Finally, LS Investment Advisors LLC increased its stake in Sabre Corp. by 12.1% in the second quarter. LS Investment Advisors LLC now owns 5,810 shares of the company’s stock valued at $156,000 after buying an additional 627 shares during the period.
Several equities analysts have weighed in on the company. Goldman Sachs Group Inc. restated a “buy” rating and set a $37.00 price objective on shares of Sabre Corp. in a research note on Tuesday. Zacks Investment Research cut Sabre Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Morgan Stanley restated a “buy” rating and set a $38.00 price objective on shares of Sabre Corp. in a research note on Monday, September 12th. KeyCorp dropped their price objective on Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. dropped their price objective on Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $34.20.
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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