Sabre Corporation (NASDAQ:SABR) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 23,808,205 shares, a decline of 11.0% from the August 15th total of 26,750,397 shares. Based on an average daily volume of 3,122,837 shares, the days-to-cover ratio is currently 7.6 days. Currently, 11.9% of the company’s shares are short sold.

Several equities research analysts have recently commented on the company. Goldman Sachs Group, Inc. (The) downgraded Sabre Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $20.00 in a report on Monday. Cowen and Company restated an “outperform” rating and set a $23.00 price objective (down previously from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Mizuho restated a “buy” rating and set a $25.00 price objective (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet downgraded Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC upgraded Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Sabre Corporation presently has an average rating of “Hold” and an average price target of $23.22.

Shares of Sabre Corporation (SABR) opened at 18.09 on Friday. The company has a market cap of $5.04 billion, a P/E ratio of 38.18 and a beta of 0.74. Sabre Corporation has a one year low of $17.30 and a one year high of $28.42. The company’s 50-day moving average price is $18.66 and its 200 day moving average price is $21.43.

Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The company had revenue of $900.66 million during the quarter, compared to analyst estimates of $895.05 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities research analysts anticipate that Sabre Corporation will post $1.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio (DPR) is presently 116.67%.

In other news, insider Judson Wade Jones sold 3,822 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total transaction of $68,490.24. Following the completion of the sale, the insider now owns 31,726 shares in the company, valued at $568,529.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $726,332.00. Following the sale, the insider now owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SABR. BlackRock Inc. increased its position in Sabre Corporation by 6,499.9% during the 1st quarter. BlackRock Inc. now owns 15,406,248 shares of the information technology services provider’s stock valued at $326,459,000 after buying an additional 15,172,817 shares in the last quarter. FIL Ltd increased its position in Sabre Corporation by 433.5% during the 2nd quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock valued at $237,701,000 after buying an additional 8,872,029 shares in the last quarter. State Street Corp increased its position in Sabre Corporation by 72.5% during the 2nd quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock valued at $141,819,000 after buying an additional 2,738,529 shares in the last quarter. Epoch Investment Partners Inc. increased its position in Sabre Corporation by 133.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 3,069,058 shares of the information technology services provider’s stock valued at $66,813,000 after buying an additional 1,754,999 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in Sabre Corporation by 16,814.3% during the 1st quarter. Citadel Advisors LLC now owns 1,571,148 shares of the information technology services provider’s stock valued at $33,292,000 after buying an additional 1,580,548 shares in the last quarter.

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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.

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