Sabre Corp. (NASDAQ:SABR) CEO Thomas Klein sold 200,000 shares of the stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $26.98, for a total value of $5,396,000.00. Following the sale, the chief executive officer now directly owns 563,018 shares in the company, valued at $15,190,225.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Thomas Klein also recently made the following trade(s):

  • On Monday, September 19th, Thomas Klein sold 198,000 shares of Sabre Corp. stock. The stock was sold at an average price of $26.96, for a total value of $5,338,080.00.

Sabre Corp. (NASDAQ:SABR) opened at 26.56 on Thursday. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 15.48 and a beta of 0.87. The company has a 50-day moving average of $27.71 and a 200-day moving average of $27.96. 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 for the quarter, topping the 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 had revenue of $845.20 million for the quarter, compared to analyst estimates of $852.33 million. During the same period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts anticipate that Sabre Corp. will post $1.43 earnings per share for the current year.

Insider Buying and Selling by Quarter for Sabre Corp. (NASDAQ:SABR)

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, September 19th. This represents a $0.52 annualized dividend and a yield of 1.96%. Sabre Corp.’s payout ratio is currently 30.41%.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. 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 valued at $106,000 after buying an additional 1,305 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of 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 last quarter. American International Group Inc. raised its position in shares of 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 last quarter. Nisa Investment Advisors LLC raised its position in shares of Sabre Corp. by 430.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,300 shares of the company’s stock valued at $149,000 after buying an additional 4,300 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of 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 last quarter.

Several brokerages have weighed in on SABR. Morgan Stanley reaffirmed a “buy” rating and set a $38.00 price target on shares of Sabre Corp. in a research report on Monday, September 12th. Oppenheimer Holdings Inc. cut their price target 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. Goldman Sachs Group Inc. restated a “buy” rating and set a $37.00 target price on shares of Sabre Corp. in a research report on Tuesday, October 4th. Evercore ISI restated a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st. Finally, Jefferies Group restated a “buy” rating and set a $33.00 target price on shares of Sabre Corp. in a research report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.20.

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.

5 Day Chart for NASDAQ:SABR

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