Sabre Corporation (NASDAQ:SABR) Insider Hugh W. Jones Sells 36,100 Shares
Sabre Corporation (NASDAQ:SABR) insider Hugh W. Jones sold 36,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $726,332.00. Following the completion of the transaction, the insider now directly owns 82,600 shares of the company’s stock, valued at $1,661,912. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Sabre Corporation (NASDAQ SABR) traded down 3.04% during mid-day trading on Monday, hitting $19.13. 4,284,657 shares of the stock traded hands. The company’s 50 day moving average is $21.99 and its 200 day moving average is $22.53. The company has a market cap of $5.33 billion, a P/E ratio of 40.36 and a beta of 0.71. Sabre Corporation has a 12 month low of $18.68 and a 12 month high of $29.45.
Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. The company had revenue of $900.66 million for the quarter, compared to the consensus estimate of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. Sabre Corporation’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 earnings per share. On average, analysts expect that Sabre Corporation will post $1.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s payout ratio is 116.67%.
ILLEGAL ACTIVITY NOTICE: “Sabre Corporation (NASDAQ:SABR) Insider Hugh W. Jones Sells 36,100 Shares” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/07/sabre-corporation-nasdaqsabr-insider-hugh-w-jones-sells-36100-shares.html.
Several research analysts recently commented on the stock. Bank of America Corporation downgraded shares of Sabre Corporation from a “neutral” rating to an “underperform” rating in a report on Monday. Mizuho reaffirmed a “buy” rating and issued a $25.00 price objective (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet downgraded shares of Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Cowen and Company reaffirmed an “outperform” rating and issued a $23.00 price objective (down from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.14.
A number of large investors have recently added to or reduced their stakes in SABR. Vanguard Group Inc. increased its stake in Sabre Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 15,474,924 shares of the information technology services provider’s stock worth $327,913,000 after buying an additional 542,216 shares during the last quarter. BlackRock Inc. increased its stake in Sabre Corporation by 6,499.9% in the first quarter. BlackRock Inc. now owns 15,406,248 shares of the information technology services provider’s stock worth $326,459,000 after buying an additional 15,172,817 shares during the last quarter. FMR LLC increased its stake in Sabre Corporation by 10.7% in the first quarter. FMR LLC now owns 10,733,095 shares of the information technology services provider’s stock worth $227,434,000 after buying an additional 1,038,669 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Sabre Corporation by 4.4% in the first quarter. Burgundy Asset Management Ltd. now owns 9,331,715 shares of the information technology services provider’s stock worth $197,739,000 after buying an additional 393,440 shares during the last quarter. Finally, Cantillon Capital Management LLC acquired a new stake in Sabre Corporation during the first quarter worth about $83,767,000.
About Sabre Corporation
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. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
Receive News & Ratings for Sabre Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corporation and related companies with MarketBeat.com's FREE daily email newsletter.