Sabre Corp Short Interest Up 51.8% in July (SABR)
Shares of Sabre Corp (NASDAQ:SABR) were the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 3,755,911 shares, an increase of 51.8% from the July 15th total of 2,474,977 shares, American Banking News.com reports. Based on an average trading volume of 384,733 shares, the days-to-cover ratio is currently 9.8 days. Currently, 7.5% of the shares of the stock are sold short.
SABR has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Sabre Corp from $20.00 to $21.00 in a research note on Friday, August 8th. Separately, analysts at Mizuho raised their price target on shares of Sabre Corp from $19.00 to $22.00 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Finally, analysts at Imperial Capital initiated coverage on shares of Sabre Corp in a research note on Thursday, June 5th. They set an “outperform” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.00.
Sabre Corp (NASDAQ:SABR) opened at 18.32 on Thursday. Sabre Corp has a 52 week low of $15.00 and a 52 week high of $20.91. The stock has a 50-day moving average of $19.38 and a 200-day moving average of $18.36. The company has a market cap of $4.488 billion and a price-to-earnings ratio of 107.60.
Sabre Corp (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.04. The company had revenue of $717.57 million for the quarter, compared to the consensus estimate of $742.45 million. The company’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts predict that Sabre Corp will post $0.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, August 27th.
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.
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