Sabre Corp (NASDAQ:SABR) was the recipient of unusually large options trading on Monday. Stock traders purchased 3,066 call options on the company. This is an increase of approximately 2,713% compared to the typical daily volume of 109 call options.
SABR has been the topic of a number of research reports. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Evercore ISI lowered Sabre from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. BidaskClub raised Sabre from a “strong sell” rating to a “sell” rating in a report on Saturday. TheStreet raised Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Sabre in a report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.67.
Shares of Sabre (SABR) opened at $23.26 on Tuesday. Sabre has a twelve month low of $17.30 and a twelve month high of $25.01. The firm has a market capitalization of $6,383.62, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 5.58 and a beta of 0.72. The company has a debt-to-equity ratio of 4.87, a current ratio of 0.99 and a quick ratio of 0.89.
Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.10. Sabre had a return on equity of 53.65% and a net margin of 6.74%. The company had revenue of $881.90 million for the quarter, compared to analyst estimates of $863.54 million. During the same quarter in the previous year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts forecast that Sabre will post 1.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, March 20th. Sabre’s dividend payout ratio is presently 63.64%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Pegasus Partners Ltd. boosted its holdings in Sabre by 17.9% in the 3rd quarter. Pegasus Partners Ltd. now owns 202,347 shares of the information technology services provider’s stock valued at $3,662,000 after purchasing an additional 30,658 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Sabre by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,663,952 shares of the information technology services provider’s stock valued at $48,219,000 after acquiring an additional 7,886 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Sabre by 13.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 791,995 shares of the information technology services provider’s stock valued at $14,336,000 after acquiring an additional 95,951 shares during the period. MHI Funds LLC acquired a new stake in shares of Sabre during the 4th quarter valued at approximately $2,330,000. Finally, Legal & General Group Plc lifted its position in shares of Sabre by 8.8% during the 3rd quarter. Legal & General Group Plc now owns 301,200 shares of the information technology services provider’s stock valued at $5,452,000 after acquiring an additional 24,274 shares during the period.
Sabre 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.
Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.