Sabre Corporation (NASDAQ:SABR) was downgraded by research analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports.
SABR has been the topic of several other research reports. Morgan Stanley reduced their price objective on shares of Sabre Corporation from $33.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 8th. Zacks Investment Research lowered shares of Sabre Corporation from a “buy” rating to a “strong sell” rating in a research note on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Sabre Corporation in a research note on Wednesday, November 2nd. Mizuho cut their price target on shares of Sabre Corporation from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, February 8th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Sabre Corporation in a research note on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. Sabre Corporation currently has a consensus rating of “Buy” and a consensus price target of $31.60.
Shares of Sabre Corporation (NASDAQ:SABR) opened at 22.27 on Tuesday. The stock has a market capitalization of $6.21 billion, a PE ratio of 25.90 and a beta of 0.85. The firm has a 50-day moving average of $24.42 and a 200 day moving average of $26.03. Sabre Corporation has a 1-year low of $21.42 and a 1-year high of $29.76.
Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, February 7th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.04. Sabre Corporation had a return on equity of 41.47% and a net margin of 7.19%. The firm had revenue of $829.60 million for the quarter, compared to the consensus estimate of $828.45 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Sabre Corporation will post $1.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Tuesday, March 21st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.51%. This is an increase from Sabre Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, March 17th. Sabre Corporation’s payout ratio is presently 61.18%.
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In other Sabre Corporation news, insider Richard A. Simonson sold 30,000 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $25.59, for a total value of $767,700.00. Following the transaction, the insider now directly owns 247,163 shares in the company, valued at $6,324,901.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Deborah Kerr sold 150,000 shares of the company’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $22.09, for a total transaction of $3,313,500.00. Following the completion of the transaction, the insider now owns 184,233 shares in the company, valued at $4,069,706.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 470,216 shares of company stock worth $11,543,517. 1.80% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Simcoe Capital Management LLC increased its position in Sabre Corporation by 10.5% in the fourth quarter. Simcoe Capital Management LLC now owns 671,245 shares of the company’s stock valued at $16,747,000 after buying an additional 63,755 shares in the last quarter. Nicholas Co. Inc. WI increased its position in Sabre Corporation by 9.3% in the fourth quarter. Nicholas Co. Inc. WI now owns 598,820 shares of the company’s stock valued at $14,940,000 after buying an additional 50,740 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Sabre Corporation by 168.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 342,347 shares of the company’s stock valued at $8,542,000 after buying an additional 214,882 shares in the last quarter. Marshall Wace LLP increased its position in Sabre Corporation by 146.6% in the fourth quarter. Marshall Wace LLP now owns 280,871 shares of the company’s stock valued at $7,008,000 after buying an additional 166,965 shares in the last quarter. Finally, FIL Ltd bought a new position in Sabre Corporation during the fourth quarter valued at approximately $1,100,000.
Sabre Corporation Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management.
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