Sabre Corporation (SABR) Reaches New 1-Year Low Following Insider Selling

Shares of Sabre Corporation (NASDAQ:SABR) reached a new 52-week low during trading on Monday after an insider sold shares in the company. The stock traded as low as $19.40 and last traded at $19.35, with a volume of 2,021,008 shares. The stock had previously closed at $19.73.

Specifically, insider Hugh W. Jones sold 36,100 shares of the business’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 transaction, the insider now owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $68,490.24. Following the transaction, the insider now directly owns 31,726 shares in the company, valued at approximately $568,529.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Several research analysts have weighed in on the company. Mizuho reaffirmed a “buy” rating and set a $25.00 price target (down previously from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. TheStreet lowered Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Bank of America Corporation lowered Sabre Corporation from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $24.00 to $18.00 in a report on Monday, August 7th. Cowen and Company reissued an “outperform” rating and set a $23.00 target price (down from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub lowered Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.11.

The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 36.71 and a beta of 0.71. The stock’s 50 day moving average is $20.54 and its 200-day moving average is $22.01.

Sabre Corporation (NASDAQ:SABR) last released its earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $900.66 million during the quarter, compared to the consensus estimate of $895.05 million. During the same period last year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that Sabre Corporation will post $1.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 yield of 3.22%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is currently 116.67%.

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Sabre Corporation by 51.4% in the second quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock worth $507,810,000 after buying an additional 7,919,869 shares in the last quarter. Vanguard Group Inc. increased its stake in Sabre Corporation by 4.0% in the second quarter. Vanguard Group Inc. now owns 16,094,899 shares of the information technology services provider’s stock worth $350,385,000 after buying an additional 619,975 shares in the last quarter. FIL Ltd increased its stake in Sabre Corporation by 433.5% in the second quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock worth $237,701,000 after buying an additional 8,872,029 shares in 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 in the last quarter. Finally, 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 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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