Sabre Corporation (NASDAQ:SABR) reached a new 52-week low on Monday . The stock traded as low as $19.40 and last traded at $19.35, with a volume of 2,021,008 shares changing hands. The stock had previously closed at $19.73.
SABR has been the subject of several research analyst reports. TheStreet raised shares of Sabre Corporation from a “c” rating to a “b-” rating in a research note on Monday, April 17th. Zacks Investment Research upgraded shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Friday, June 9th. Deutsche Bank AG lifted 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. Mizuho reiterated a “buy” rating and set a $25.00 price objective (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $24.00 price objective (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Two investment 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 stock presently has an average rating of “Buy” and a consensus price target of $26.14.
The stock’s 50-day moving average price is $21.99 and its 200 day moving average price is $22.53. The firm has a market capitalization of $5.39 billion, a PE ratio of 40.833 and a beta of 0.71.
Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The company 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%. Sabre Corporation’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, equities analysts anticipate that Sabre Corporation will post $1.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be paid a $0.14 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.84%. Sabre Corporation’s payout ratio is 116.67%.
In related news, insider Richard A. Simonson sold 36,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $24.43, for a total value of $879,480.00. Following the completion of the transaction, the insider now directly owns 231,103 shares in the company, valued at approximately $5,645,846.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in Sabre Corporation by 6,499.9% in the first quarter. BlackRock Inc. now owns 15,406,248 shares of the information technology services provider’s stock worth $326,459,000 after buying an additional 15,172,817 shares during the period. Cantillon Capital Management LLC purchased a new stake in Sabre Corporation during the first quarter worth $83,767,000. RidgeWorth Capital Management LLC purchased a new stake in Sabre Corporation during the first quarter worth $42,937,000. FIL Ltd increased its stake in Sabre Corporation by 4,541.8% in the first quarter. FIL Ltd now owns 2,046,721 shares of the information technology services provider’s stock worth $43,370,000 after buying an additional 2,002,628 shares during the period. Finally, Citadel Advisors LLC increased its stake in Sabre Corporation by 16,814.3% in the first quarter. Citadel Advisors LLC now owns 1,571,148 shares of the information technology services provider’s stock worth $33,292,000 after buying an additional 1,580,548 shares during the period.
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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