Sabre Corp (NASDAQ:SABR) insider Judson Wade Jones sold 7,064 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $25.07, for a total transaction of $177,094.48. Following the completion of the sale, the insider now directly owns 30,932 shares in the company, valued at approximately $775,465.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ SABR traded down $0.58 on Friday, reaching $24.99. The company’s stock had a trading volume of 2,894,137 shares, compared to its average volume of 2,725,240. The stock has a market cap of $7.04 billion, a P/E ratio of 19.22, a PEG ratio of 2.63 and a beta of 0.70. Sabre Corp has a 52 week low of $17.91 and a 52 week high of $26.78. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.58.
Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The firm had revenue of $970.28 million for the quarter, compared to analyst estimates of $944.97 million. Sabre had a net margin of 8.76% and a return on equity of 45.54%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Research analysts anticipate that Sabre Corp will post 1.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 21st will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.24%. Sabre’s dividend payout ratio (DPR) is presently 43.08%.
SABR has been the topic of a number of analyst reports. Zacks Investment Research reissued a “buy” rating and issued a $27.00 target price on shares of Sabre in a research note on Thursday, November 15th. BidaskClub cut shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Morgan Stanley upped their target price on shares of Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st. Oppenheimer reissued a “buy” rating on shares of Sabre in a research note on Thursday, November 15th. Finally, Imperial Capital reissued a “buy” rating and issued a $33.00 target price on shares of Sabre in a research note on Wednesday, October 31st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $28.14.
Large investors have recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. acquired a new position in Sabre in the third quarter valued at about $396,000. Bank of Montreal Can boosted its position in Sabre by 56.9% in the third quarter. Bank of Montreal Can now owns 1,170,165 shares of the information technology services provider’s stock valued at $30,517,000 after buying an additional 424,431 shares in the last quarter. W.E. Donoghue & Co. LLC boosted its position in Sabre by 100.2% in the third quarter. W.E. Donoghue & Co. LLC now owns 38,081 shares of the information technology services provider’s stock valued at $993,000 after buying an additional 19,061 shares in the last quarter. Toronto Dominion Bank boosted its position in Sabre by 64.6% in the second quarter. Toronto Dominion Bank now owns 24,769 shares of the information technology services provider’s stock valued at $610,000 after buying an additional 9,719 shares in the last quarter. Finally, CX Institutional boosted its position in Sabre by 3.2% in the third quarter. CX Institutional now owns 132,974 shares of the information technology services provider’s stock valued at $3,468,000 after buying an additional 4,176 shares in the last quarter. Hedge funds and other institutional investors own 95.89% of the company’s stock.
Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
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