William G. Robinson, Jr. Sells 20,439 Shares of Sabre Corp. (SABR) Stock
Sabre Corp. (NASDAQ:SABR) EVP William G. Robinson, Jr. sold 20,439 shares of Sabre Corp. stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $28.01, for a total transaction of $572,496.39. Following the sale, the executive vice president now owns 68,893 shares in the company, valued at $1,929,692.93. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 27.35 on Friday. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 15.94 and a beta of 0.87. The firm’s 50-day moving average is $27.77 and its 200-day moving average is $27.98. Sabre Corp. has a 52 week low of $22.03 and a 52 week high of $30.45.
Sabre Corp. (NASDAQ:SABR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business earned $845.20 million during the quarter, compared to analyst estimates of $852.33 million. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. Sabre Corp.’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Equities research analysts predict that Sabre Corp. will post $1.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, September 19th. Sabre Corp.’s dividend payout ratio (DPR) is presently 30.41%.
Several equities research analysts recently commented on SABR shares. KeyCorp cut their target price on shares of Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Sabre Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday. Jefferies Group restated a “buy” rating and set a $33.00 price target on shares of Sabre Corp. in a report on Tuesday, June 21st. Evercore ISI restated a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, Morgan Stanley restated a “buy” rating and set a $38.00 price target on shares of Sabre Corp. in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $34.20.
Several hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its stake in Sabre Corp. by 1.4% in the third quarter. BNP Paribas Arbitrage SA now owns 653,811 shares of the company’s stock worth $18,424,000 after buying an additional 8,720 shares during the period. Harbour Capital Advisors LLC bought a new stake in Sabre Corp. during the second quarter worth $928,000. Royal Bank of Canada raised its stake in 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 during the period. IFP Advisors Inc raised its stake in 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 during the period. Finally, Public Employees Retirement System of Ohio raised its stake in 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 during the period.
Sabre Corp. Company Profile
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.
Receive News & Stock Ratings for Sabre Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corp. and related stocks with our FREE daily email newsletter.