Sabre (SABR) Sets New 12-Month High and Low at $26.26
Sabre Corp (NASDAQ:SABR) shares reached a new 52-week high and low on Tuesday . The company traded as low as $26.26 and last traded at $26.22, with a volume of 59980 shares trading hands. The stock had previously closed at $26.11.
A number of research firms recently weighed in on SABR. Zacks Investment Research raised Sabre from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, April 18th. BidaskClub raised Sabre from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd. Oppenheimer raised their price objective on Sabre from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, May 2nd. Bank of America raised Sabre from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 15th. Finally, Deutsche Bank raised their price objective on Sabre from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, June 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Sabre has a consensus rating of “Buy” and an average target price of $25.10.
The firm has a market capitalization of $7.14 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.78 and a beta of 0.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, June 21st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, June 20th. Sabre’s payout ratio is 43.08%.
In other news, major shareholder Group Holdings (Sbs) Advis Tpg sold 10,841,542 shares of the firm’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $24.45, for a total value of $265,075,701.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence W. Kellner sold 4,332 shares of the firm’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $25.05, for a total value of $108,516.60. The disclosure for this sale can be found here. In the last three months, insiders sold 10,861,542 shares of company stock valued at $265,575,919. Corporate insiders own 0.67% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Institutional & Family Asset Management LLC purchased a new position in shares of Sabre in the 1st quarter worth $107,000. Quantbot Technologies LP purchased a new position in shares of Sabre in the 1st quarter worth $149,000. Toronto Dominion Bank boosted its stake in shares of Sabre by 39.8% in the 4th quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock worth $253,000 after buying an additional 3,509 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Sabre by 25.6% in the 4th quarter. Meadow Creek Investment Management LLC now owns 12,384 shares of the information technology services provider’s stock worth $254,000 after buying an additional 2,528 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Sabre in the 1st quarter worth $269,000.
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline 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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