Insider Selling: Sabre Corp. (SABR) CEO Sells 200,000 Shares of Stock
Sabre Corp. (NASDAQ:SABR) CEO Thomas Klein sold 200,000 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $26.98, for a total transaction of $5,396,000.00. Following the sale, the chief executive officer now directly owns 563,018 shares in the company, valued at $15,190,225.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Thomas Klein also recently made the following trade(s):
- On Monday, September 19th, Thomas Klein sold 198,000 shares of Sabre Corp. stock. The stock was sold at an average price of $26.96, for a total transaction of $5,338,080.00.
Sabre Corp. (NASDAQ:SABR) traded up 0.49% during midday trading on Wednesday, reaching $26.56. 1,650,086 shares of the company traded hands. The firm has a market capitalization of $7.39 billion, a PE ratio of 15.48 and a beta of 0.87. Sabre Corp. has a 12 month low of $22.03 and a 12 month high of $30.45. The company’s 50-day moving average price is $27.71 and its 200 day moving average price is $27.96.
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Sabre Corp. (NASDAQ:SABR) last announced 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 company had revenue of $845.20 million for the quarter, compared to analysts’ expectations of $852.33 million. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. Sabre Corp.’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. On average, equities analysts anticipate that Sabre Corp. will post $1.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were paid a $0.13 dividend. The ex-dividend date was Monday, September 19th. This represents a $0.52 annualized dividend and a yield of 1.96%. Sabre Corp.’s dividend payout ratio is currently 30.41%.
A number of institutional investors have recently made changes to their positions in SABR. Scopia Capital Management LP purchased a new position in shares of Sabre Corp. during the first quarter valued at about $177,673,000. Burgundy Asset Management Ltd. boosted its position in Sabre Corp. by 21.9% in the second quarter. Burgundy Asset Management Ltd. now owns 5,861,224 shares of the company’s stock worth $157,022,000 after buying an additional 1,053,285 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Sabre Corp. by 19.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,287,617 shares of the company’s stock worth $141,655,000 after buying an additional 848,501 shares during the period. Vulcan Value Partners LLC bought a new position in Sabre Corp. during the second quarter worth $131,419,000. Finally, King Luther Capital Management Corp boosted its position in Sabre Corp. by 1.9% in the second quarter. King Luther Capital Management Corp now owns 4,269,870 shares of the company’s stock worth $114,390,000 after buying an additional 79,488 shares during the period.
Several equities analysts have issued reports on the stock. Morgan Stanley reaffirmed a “buy” rating and set a $38.00 price objective on shares of Sabre Corp. in a report on Monday, September 12th. Jefferies Group reaffirmed a “buy” rating and set a $33.00 price objective on shares of Sabre Corp. in a report on Tuesday, June 21st. Oppenheimer Holdings Inc. decreased their price objective on shares of Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 3rd. Evercore ISI reaffirmed a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, Zacks Investment Research downgraded shares of Sabre Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. Sabre Corp. currently has an average rating of “Buy” and an average price target of $34.20.
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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