The price of Sabre Corporation (NASDAQ:SABR) shares last traded on Wall Street rose 7.40% to $5.37.
SABR stock price is now 25.84% away from the 50-day moving average and 11.74% away from the 200-day moving average. The market capitalization of the company currently stands at $1.66B.
With the price target maintained at $3.50, Bernstein recently Upgraded its rating from Underperform to Mkt Perform for Sabre Corporation (NASDAQ: SABR).
In other news, MENKE SEAN E, Executive Chair of the Board sold 100,000 shares of the company’s stock on Aug 11. The stock was sold for $561,920 at an average price of $5.62. Upon completion of the transaction, the Executive Chair of the Board now directly owns 1,767,340 shares in the company, valued at $9.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09, EVP and CFO Randolfi Michael O bought 50,000 shares of the business’s stock. A total of $268,808 was incurred on buying the stock at an average price of $5.38. This leaves the insider owning 546,526 shares of the company worth $2.93 million. Insiders disposed of 543,440 shares of company stock worth roughly $2.92 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SABR stock. A new stake in Sabre Corporation shares was purchased by HRT FINANCIAL LP during the first quarter worth $6,586,000. JANE STREET GROUP, LLC invested $4,355,000 in shares of SABR during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in Sabre Corporation valued at approximately $2,080,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in SABR for approximately $1,788,000. LUMINUS MANAGEMENT LLC purchased a new stake in SABR valued at around $1,289,000 in the second quarter. In total, there are 360 active investors with 104.68% ownership of the company’s stock.
A candlestick chart of Sabre Corporation (NASDAQ: SABR) showed a price of $5.10 on Friday morning. During the past 12 months, Sabre Corporation has had a low of $2.99 and a high of $7.92. The fifty day moving average price for SABR is $4.31 and a two-hundred day moving average price translates $4.80 for the stock.
The latest earnings results from Sabre Corporation (NASDAQ: SABR) was released for Jun, 2023. According to the Travel Services Company, earnings per share came in at -$0.17, beating analysts’ expectations of -$0.23 by 0.06. This compares to -$0.59 EPS in the same period last year. The net profit margin was -19.50% and return on equity was 58.40% for SABR. The company reported revenue of $737.53 million for the quarter, compared to $657.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.17 percent. For the current quarter, analysts expect SABR to generate $738.52M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/30/2020. Investors who held shares on 03/20/2020 were paid a $0.14 dividend.
Sabre Corporation(SABR) Company Profile
Sabre Corporation, through its subsidiaries, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates 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. This segment also provides a portfolio of software technology products and solutions through software-as-a-service (SaaS) and hosted delivery models to airlines and other travel suppliers. Its products include reservation systems for carriers, commercial and operations products, agency solutions, and data-driven intelligence solutions. The Hospitality Solutions segment provides software and solutions to hoteliers through SaaS and hosted delivery models. Sabre Corporation was incorporated in 2006 and is headquartered in Southlake, Texas.
