Sabre Corp. (SABR) Insider Alexander S. Alt Sells 6,250 Shares
Sabre Corp. (NASDAQ:SABR) insider Alexander S. Alt sold 6,250 shares of Sabre Corp. stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $24.83, for a total value of $155,187.50. Following the completion of the transaction, the insider now owns 32,493 shares of the company’s stock, valued at approximately $806,801.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Sabre Corp. (NASDAQ:SABR) traded up 1.087% on Thursday, hitting $25.575. The company’s stock had a trading volume of 1,980,595 shares. The firm has a market cap of $7166.81 billion, a price-to-earnings ratio of 30.813 and a beta of 0.94. Sabre Corp. has a one year low of $22.03 and a one year high of $30.00. The stock has a 50-day moving average price of $25.85 and a 200 day moving average price of $27.35.
Sabre Corp. (NASDAQ:SABR) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.06. Sabre Corp. had a return on equity of 49.05% and a net margin of 10.52%. The company had revenue of $839 million for the quarter, compared to analyst estimates of $853.31 million. During the same quarter last year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts predict that Sabre Corp. will post $1.36 EPS for the current year.
Several research analysts recently commented on SABR shares. Zacks Investment Research lowered Sabre Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 4th. Morgan Stanley reiterated a “buy” rating and issued a $38.00 price target on shares of Sabre Corp. in a research report on Monday, September 12th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Sabre Corp. in a research report on Wednesday, October 19th. William Blair reiterated an “outperform” rating on shares of Sabre Corp. in a research report on Wednesday, November 2nd. Finally, Mizuho dropped their price target on Sabre Corp. from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Sabre Corp. presently has an average rating of “Buy” and a consensus target price of $33.40.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Artemis Investment Management LLP increased 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 worth $18,748,000 after buying an additional 350,100 shares during the last quarter. State Street Corp increased 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 worth $74,022,000 after buying an additional 342,064 shares during the last quarter. Scopia Capital Management LP acquired a new stake in Sabre Corp. during the first quarter worth approximately $177,673,000. AMP Capital Investors Ltd increased 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 worth $2,539,000 after buying an additional 31,100 shares during the last quarter. Finally, Sunriver Management LLC increased its stake in Sabre Corp. by 201.9% in the first quarter. Sunriver Management LLC now owns 639,210 shares of the company’s stock worth $18,486,000 after buying an additional 427,450 shares during the last quarter.
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.
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