Hugh W. Jones Sells 36,100 Shares of Sabre Corporation (NASDAQ:SABR) Stock

Sabre Corporation (NASDAQ:SABR) insider Hugh W. Jones sold 36,100 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the completion of the sale, the insider now owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Sabre Corporation (NASDAQ:SABR) traded down 1.25% during mid-day trading on Friday, hitting $17.40. 3,159,380 shares of the stock were exchanged. The stock has a market cap of $4.85 billion, a PE ratio of 36.71 and a beta of 0.71. Sabre Corporation has a one year low of $17.30 and a one year high of $29.45. The company has a 50-day moving average of $20.54 and a 200 day moving average of $22.01.

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 analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $900.66 million during the quarter, compared to analyst estimates of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, equities analysts predict that Sabre Corporation will post $1.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is presently 116.67%.

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Several institutional investors have recently bought and sold shares of SABR. Creative Planning raised its position in Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after buying an additional 205 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Sabre Corporation by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 232 shares during the period. Advisor Group Inc. raised its position in shares of Sabre Corporation by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after buying an additional 2,029 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Sabre Corporation by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after buying an additional 1,100 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Sabre Corporation by 17.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,529 shares of the information technology services provider’s stock valued at $202,000 after buying an additional 1,442 shares during the period.

A number of research firms have commented on SABR. Deutsche Bank AG increased their price objective on shares of Sabre Corporation from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, June 9th. BidaskClub downgraded shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $24.00 price target (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, TheStreet downgraded shares of Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Sabre Corporation currently has an average rating of “Hold” and a consensus price target of $25.11.

Sabre Corporation Company Profile

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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