Sabre Corp Short Interest Up 53.3% in August (SABR)
Shares of Sabre Corp (NASDAQ:SABR) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 5,758,394 shares, a growth of 53.3% from the July 31st total of 3,755,911 shares, StockRatingsNetwork reports. Approximately 11.7% of the company’s shares are sold short. Based on an average daily volume of 804,302 shares, the days-to-cover ratio is currently 7.2 days.
Several analysts have recently commented on the stock. 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 research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.00.
Shares of Sabre Corp (NASDAQ:SABR) opened at 18.23 on Monday. 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 $18.83 and a 200-day moving average of $18.36. The company has a market cap of $4.466 billion and a price-to-earnings ratio of 105.32.
Sabre Corp (NASDAQ:SABR) last released its earnings data on Thursday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts predict that Sabre Corp will post $0.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Monday, September 1st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.