Sabre Corp (NASDAQ:SABR) EVP Judson Wade Jones Sells 4,300 Shares

Sabre Corp (NASDAQ:SABR) EVP Judson Wade Jones sold 4,300 shares of Sabre stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.74, for a total transaction of $102,082.00. Following the sale, the executive vice president now owns 49,803 shares of the company’s stock, valued at approximately $1,182,323.22. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of NASDAQ SABR traded up $0.17 during mid-day trading on Monday, reaching $23.69. The company had a trading volume of 254,471 shares, compared to its average volume of 1,505,153. The firm has a 50 day simple moving average of $23.91 and a two-hundred day simple moving average of $22.26. The stock has a market cap of $6.50 billion, a P/E ratio of 16.68, a PEG ratio of 5.08 and a beta of 0.77. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.59. Sabre Corp has a 52-week low of $19.41 and a 52-week high of $26.62.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, August 1st. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Sabre had a return on equity of 34.13% and a net margin of 6.14%. The company had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $998.29 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts expect that Sabre Corp will post 0.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.56 dividend on an annualized basis and a yield of 2.36%. Sabre’s dividend payout ratio (DPR) is currently 39.44%.

A number of institutional investors and hedge funds have recently bought and sold shares of SABR. Alpha Windward LLC purchased a new stake in Sabre during the second quarter worth approximately $26,000. Rehmann Capital Advisory Group acquired a new position in shares of Sabre in the 2nd quarter worth approximately $43,000. Point72 Hong Kong Ltd acquired a new position in shares of Sabre in the 2nd quarter valued at about $56,000. Financial Gravity Wealth Inc. grew its stake in Sabre by 303.1% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,979 shares of the information technology services provider’s stock worth $66,000 after buying an additional 2,240 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Sabre by 29.2% in the second quarter. Advisory Services Network LLC now owns 3,552 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 802 shares during the period. Institutional investors own 95.98% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Bank of America reiterated a “buy” rating and set a $29.50 price objective (up from $25.00) on shares of Sabre in a research note on Friday, August 2nd. Mizuho began coverage on shares of Sabre in a research report on Thursday, June 6th. They issued a “buy” rating and a $25.00 price objective for the company. BidaskClub cut Sabre from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Goldman Sachs Group cut shares of Sabre from a “neutral” rating to a “sell” rating and set a $20.00 price objective for the company. in a research note on Wednesday, June 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.17.

Sabre Company Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.

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