Karl Mr. Peterson Buys 10,000 Shares of Sabre Corp (SABR) Stock

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Sabre Corp (NASDAQ:SABR) Director Karl Mr. Peterson acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were bought at an average price of $22.40 per share, for a total transaction of $224,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of SABR opened at $22.17 on Friday. The stock has a market capitalization of $6.05 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.54 and a beta of 0.84. Sabre Corp has a 1-year low of $19.71 and a 1-year high of $26.78. The company has a debt-to-equity ratio of 3.43, a quick ratio of 1.14 and a current ratio of 1.17.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $923.90 million for the quarter, compared to analysts’ expectations of $930.19 million. Sabre had a return on equity of 43.59% and a net margin of 8.73%. Sabre’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. As a group, equities analysts forecast that Sabre Corp will post 0.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.53%. Sabre’s dividend payout ratio is currently 39.44%.

A number of equities research analysts recently weighed in on SABR shares. Imperial Capital restated a “buy” rating and set a $33.00 price objective on shares of Sabre in a research note on Wednesday, October 31st. They noted that the move was a valuation call. BidaskClub upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Zacks Investment Research reiterated a “buy” rating and issued a $27.00 price target on shares of Sabre in a research report on Thursday, November 15th. Oppenheimer reiterated a “buy” rating on shares of Sabre in a research report on Thursday, November 15th. Finally, Morgan Stanley boosted their price target on shares of Sabre from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.00.

A number of institutional investors and hedge funds have recently modified their holdings of SABR. Public Employees Retirement Association of Colorado grew its stake in shares of Sabre by 1.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 41,718 shares of the information technology services provider’s stock valued at $903,000 after buying an additional 681 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Sabre by 9.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,450 shares of the information technology services provider’s stock valued at $183,000 after buying an additional 750 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Sabre by 2.7% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,649 shares of the information technology services provider’s stock valued at $681,000 after buying an additional 865 shares in the last quarter. Utah Retirement Systems grew its stake in shares of Sabre by 2.3% in the 4th quarter. Utah Retirement Systems now owns 48,300 shares of the information technology services provider’s stock valued at $1,045,000 after buying an additional 1,100 shares in the last quarter. Finally, Parametrica Management Ltd grew its stake in shares of Sabre by 13.7% in the 4th quarter. Parametrica Management Ltd now owns 9,475 shares of the information technology services provider’s stock valued at $205,000 after buying an additional 1,139 shares in the last quarter. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

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About Sabre

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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