Sabre Corp. (SABR) Vice Chairman Sells $5,823,400.00 in Stock
Sabre Corp. (NASDAQ:SABR) Vice Chairman Gregory T. Webb sold 220,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $26.47, for a total transaction of $5,823,400.00. Following the sale, the insider now owns 220,000 shares of the company’s stock, valued at approximately $5,823,400. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Sabre Corp. (NASDAQ:SABR) traded up 0.49% during trading on Wednesday, hitting $26.56. 1,650,086 shares of the stock were exchanged. Sabre Corp. has a one year low of $22.03 and a one year high of $30.45. The stock’s 50 day moving average is $27.71 and its 200-day moving average is $27.96. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 15.48 and a beta of 0.87.
Sabre Corp. (NASDAQ:SABR) last released its earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The company earned $845.20 million during 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 business’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. On average, equities research analysts expect that Sabre Corp. will post $1.43 earnings per share for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/sabre-corp-sabr-vice-chairman-sells-5823400-00-in-stock.html
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Monday, September 19th. Sabre Corp.’s dividend payout ratio (DPR) is currently 30.41%.
Several brokerages have recently weighed in on SABR. Oppenheimer Holdings Inc. reduced their price objective on shares of Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. KeyCorp cut their target price on shares of Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, August 3rd. Morgan Stanley reaffirmed a “buy” rating and issued a $38.00 target price on shares of Sabre Corp. in a report on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and issued a $33.00 target price on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $34.20.
Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in Sabre Corp. by 49.1% in the second quarter. IFP Advisors Inc now owns 3,965 shares of the company’s stock valued at $106,000 after buying an additional 1,305 shares during the period. FineMark National Bank & Trust boosted its position in Sabre Corp. by 64.7% in the second quarter. FineMark National Bank & Trust now owns 5,096 shares of the company’s stock valued at $137,000 after buying an additional 2,001 shares during the period. American International Group Inc. boosted its position in Sabre Corp. by 51.6% in the second quarter. American International Group Inc. now owns 5,107 shares of the company’s stock valued at $137,000 after buying an additional 1,738 shares during the period. Nisa Investment Advisors LLC boosted its position in Sabre Corp. by 430.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,300 shares of the company’s stock valued at $149,000 after buying an additional 4,300 shares during the period. Finally, LS Investment Advisors LLC boosted its position in Sabre Corp. by 12.1% in the second quarter. LS Investment Advisors LLC now owns 5,810 shares of the company’s stock valued at $156,000 after buying an additional 627 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.
Receive News & Ratings for Sabre Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corp. and related companies with MarketBeat.com's FREE daily email newsletter.