Sabre Corporation (NASDAQ:SABR) was the recipient of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 26,750,397 shares, a decline of 17.4% from the July 31st total of 32,390,911 shares. Approximately 13.3% of the shares of the company are sold short. Based on an average daily volume of 4,410,362 shares, the days-to-cover ratio is presently 6.1 days.

A number of equities analysts have commented on SABR shares. Zacks Investment Research raised shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Friday, June 9th. Deutsche Bank AG lifted their price objective on shares of Sabre Corporation from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Mizuho reaffirmed a “buy” rating and set a $25.00 price objective (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Jefferies Group LLC raised shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, August 15th. Finally, TheStreet cut shares of Sabre Corporation from a “b” rating to a “c” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Sabre Corporation presently has a consensus rating of “Hold” and an average price target of $25.11.

Shares of Sabre Corporation (SABR) opened at 18.35 on Friday. The company has a market cap of $5.11 billion, a PE ratio of 38.71 and a beta of 0.71. Sabre Corporation has a 12 month low of $17.30 and a 12 month high of $29.45. The stock has a 50 day moving average of $20.05 and a 200-day moving average of $21.77.

Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $900.66 million during the quarter, compared to analysts’ expectations of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. Sabre Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. Equities analysts forecast that Sabre Corporation will post $1.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.05%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is presently 116.67%.

In other Sabre Corporation news, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the completion of the transaction, the insider now directly owns 31,726 shares of the company’s stock, valued at $568,529.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $726,332.00. Following the transaction, the insider now directly owns 82,600 shares of the company’s stock, valued at $1,661,912. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SABR. BlackRock Inc. raised its stake in Sabre Corporation by 51.4% in the second quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock valued at $507,810,000 after buying an additional 7,919,869 shares in the last quarter. Vanguard Group Inc. raised its stake in Sabre Corporation by 4.0% in the second quarter. Vanguard Group Inc. now owns 16,094,899 shares of the information technology services provider’s stock valued at $350,385,000 after buying an additional 619,975 shares in the last quarter. FIL Ltd raised its stake in Sabre Corporation by 433.5% in the second quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock valued at $237,701,000 after buying an additional 8,872,029 shares in the last quarter. FMR LLC raised its stake in Sabre Corporation by 10.7% in the first quarter. FMR LLC now owns 10,733,095 shares of the information technology services provider’s stock valued at $227,434,000 after buying an additional 1,038,669 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in Sabre Corporation by 4.4% in the first quarter. Burgundy Asset Management Ltd. now owns 9,331,715 shares of the information technology services provider’s stock valued at $197,739,000 after buying an additional 393,440 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: “Sabre Corporation (SABR) Short Interest Down 17.4% in August” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.thecerbatgem.com/2017/08/27/sabre-corporation-sabr-short-interest-down-17-4-in-august.html.

About Sabre Corporation

Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.

Receive News & Stock Ratings for Sabre Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corporation and related stocks with our FREE daily email newsletter.