Alexander S. Alt Sells 66,164 Shares of Sabre Corp. (SABR) Stock
Sabre Corp. (NASDAQ:SABR) insider Alexander S. Alt sold 66,164 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $26.96, for a total value of $1,783,781.44. Following the transaction, the insider now owns 48,730 shares in the company, valued at approximately $1,313,760.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 26.71 on Wednesday. The company has a 50-day moving average price of $27.57 and a 200-day moving average price of $28.00. Sabre Corp. has a 12 month low of $22.03 and a 12 month high of $30.45. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 15.57 and a beta of 0.86.
Sabre Corp. (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $845.20 million for the quarter, compared to analysts’ expectations of $852.33 million. Sabre Corp. had a return on equity of 56.62% and a net margin of 14.87%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. Analysts forecast that Sabre Corp. will post $1.44 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 21st will be given a $0.13 dividend. The ex-dividend date is Monday, September 19th. This represents a $0.52 annualized dividend and a yield of 1.95%. Sabre Corp.’s dividend payout ratio (DPR) is presently 30.41%.
SABR has been the topic of a number of recent analyst reports. Morgan Stanley restated a “buy” rating and set a $38.00 target price on shares of Sabre Corp. in a report on Monday, September 12th. Deutsche Bank AG restated a “buy” rating on shares of Sabre Corp. in a report on Tuesday, May 31st. Evercore ISI restated a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Jefferies Group restated a “buy” rating and set a $33.00 target price on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, SunTrust Banks Inc. upgraded Sabre Corp. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 1st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.89.
A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Sabre Corp. during the fourth quarter valued at about $15,374,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Sabre Corp. by 9.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,178 shares of the company’s stock valued at $1,596,000 after buying an additional 4,963 shares during the period. IMS Capital Management boosted its position in Sabre Corp. by 20.9% in the first quarter. IMS Capital Management now owns 19,964 shares of the company’s stock valued at $577,000 after buying an additional 3,450 shares during the period. Apex Capital Management boosted its position in Sabre Corp. by 2.2% in the first quarter. Apex Capital Management now owns 1,677,746 shares of the company’s stock valued at $48,520,000 after buying an additional 36,769 shares during the period. Finally, Franklin Resources Inc. boosted its position in Sabre Corp. by 12.4% in the first quarter. Franklin Resources Inc. now owns 970,170 shares of the company’s stock valued at $28,057,000 after buying an additional 107,000 shares during the period.
About Sabre Corp.
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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