Sabre Corporation (NASDAQ:SABR) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 32,475,856 shares, an increase of 7.1% from the May 31st total of 30,333,210 shares. Currently, 15.7% of the shares of the company are sold short. Based on an average daily volume of 2,919,369 shares, the days-to-cover ratio is presently 11.1 days.
In other news, insider Richard A. Simonson sold 36,000 shares of the stock in a transaction on Thursday, May 11th. The stock was 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 owns 231,103 shares of the company’s stock, valued at $5,645,846.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hugh W. Jones sold 102,998 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $24.34, for a total value of $2,506,971.32. Following the completion of the transaction, the insider now directly owns 139,852 shares of the company’s stock, valued at approximately $3,403,997.68. The disclosure for this sale can be found here. In the last three months, insiders sold 293,666 shares of company stock valued at $6,967,257. Company insiders own 1.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. boosted its stake in Sabre Corporation by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 232 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in Sabre Corporation by 17.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,529 shares of the information technology services provider’s stock valued at $202,000 after buying an additional 1,442 shares during the period. WFG Advisors LP boosted its stake in Sabre Corporation by 449,200.0% in the fourth quarter. WFG Advisors LP now owns 8,986 shares of the information technology services provider’s stock valued at $216,000 after buying an additional 8,984 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Sabre Corporation during the fourth quarter valued at approximately $217,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Sabre Corporation during the first quarter valued at approximately $217,000.
SABR has been the subject of several recent analyst reports. Zacks Investment Research raised Sabre Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 13th. Morgan Stanley cut Sabre Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $26.00 to $24.00 in a research note on Thursday, April 6th. Deutsche Bank AG increased their price target on Sabre Corporation from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Finally, TheStreet raised Sabre Corporation from a “c” rating to a “b-” rating in a research note on Monday, April 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.86.
Sabre Corporation (NASDAQ:SABR) opened at 22.09 on Wednesday. Sabre Corporation has a 52 week low of $20.09 and a 52 week high of $29.63. The company’s 50-day moving average price is $23.28 and its 200 day moving average price is $23.25. The company has a market cap of $6.14 billion, a PE ratio of 29.45 and a beta of 0.71.
Sabre Corporation (NASDAQ:SABR) last released its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.11. The company had revenue of $915.35 million during the quarter, compared to analysts’ expectations of $897.62 million. Sabre Corporation had a return on equity of 43.18% and a net margin of 6.22%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. On average, analysts anticipate that Sabre Corporation will post $1.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, June 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 19th. This represents a $0.56 annualized dividend and a dividend yield of 2.54%. Sabre Corporation’s dividend payout ratio (DPR) is currently 74.67%.
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Sabre Corporation Company Profile
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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