The Sabre Corp. (SABR) EVP Sold $2,919,143.55 in Stock

The Sabre Corp. (SABR) EVP Sold $2,919,143.55 in Stock

Sabre Corp. (NASDAQ:SABR) EVP Hugh W. Jones sold 106,035 shares of Sabre Corp. stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $27.53, for a total value of $2,919,143.55. Following the sale, the executive vice president now owns 206,191 shares in the company, valued at $5,676,438.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Sabre Corp. (NASDAQ:SABR) opened at 26.75 on Monday. Sabre Corp. has a 52-week low of $22.03 and a 52-week high of $30.45. The company’s 50-day moving average price is $27.76 and its 200 day moving average price is $27.98. The stock has a market capitalization of $7.44 billion, a PE ratio of 15.59 and a beta of 0.87.

Sabre Corp. (NASDAQ:SABR) last released 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 business had revenue of $845.20 million for 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 firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. Equities analysts forecast that Sabre Corp. will post $1.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were given a $0.13 dividend. The ex-dividend date was Monday, September 19th. This represents a $0.52 annualized dividend and a yield of 1.94%. Sabre Corp.’s dividend payout ratio (DPR) is presently 30.41%.

A number of analysts have issued reports on the company. Oppenheimer Holdings Inc. decreased their target price on 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 decreased their target price on Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, August 3rd. Morgan Stanley reissued a “buy” rating and issued a $38.00 target price on shares of Sabre Corp. in a research report on Wednesday, August 3rd. Jefferies Group reissued a “buy” rating and issued a $33.00 target price on shares of Sabre Corp. in a research report on Tuesday, June 21st. Finally, Evercore ISI reissued a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Sabre Corp. 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. Findlay Park Partners LLP boosted its position in Sabre Corp. by 6.0% in the first quarter. Findlay Park Partners LLP now owns 6,528,122 shares of the company’s stock valued at $188,793,000 after buying an additional 372,362 shares during the period. Scopia Capital Management LP acquired a new position in 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 valued at $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 valued at $141,655,000 after buying an additional 848,501 shares during the period. Finally, Vulcan Value Partners LLC acquired a new position in Sabre Corp. during the second quarter valued at about $131,419,000.

About Sabre Corp.

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