There has been some selling insider activity on Sabre Corporation (NASDAQ:SABR) recently. Gregory T. Webb, Vice Chairman sold $2,844,732 worth of shares at an average price of $27.07 on Mon the 26th. That brings Webb’s holdings to $0 as recorded in a recent Form 4 SEC filing. William G. Jr Robinson, EVP reported the sale of 114,213 shares. The shares were sold on September 19th for an average price of $26.96. The EVP now owns $1,306,320 of the stock according to the SEC filing.
Lawrence W. Kellner, Director let go of $565,200 worth of shares at an average price of $28.26 on September 1st. Kellner now owns $6,001,068 of stock per an SEC filing yesterday.
The following firms have also recently changed their position in SABR. Macquarie Group Ltd reduced its position by selling 9,191 shares a decrease of 2.1%. Macquarie Group Ltd now holds 438,029 shares valued at $11,735,000. The value of the position overall is down by 9.3%. As of the end of the quarter BNP Paribas Investment Partners S.A. had bought 290,760 shares growing its position 878.1%. The value of the investment in (SABR) increased from $926,000 to $8,677,000 a change of $7,751,000 quarter to quarter.
Northwestern Mutual Wealth Management Co cut its ownership by shedding 536 shares a decrease of 33.9% in the quarter. Northwestern Mutual Wealth Management Co claims 1,044 shares worth $28,000. The total value of its holdings decreased 39.1%. Royal Bank Of Canada grew its investment by buying 25 shares an increase of 11.8% from 03/31/2016 to 06/30/2016. Royal Bank Of Canada currently owns 236 shares with a value of $6,000. The value of the position overall is down by 0.0%.
On June 1 the company was upgraded from “” to “Buy” in an announcement from SunTrust Robinson Humphrey. On April 13, 2016 Sterne Agee began coverage of the stock giving it an initial rating of “Buy” and establishing a price target of $33.00.
Sterne Agee CRT issued its first research report on the stock setting a rating of “Buy” and projecting a price target of $33.00. Equity analyst Pacific Crest began coverage with a rating of “Overweight”.
May 6 investment analysts at Deutsche Bank held the company rating at “Buy” but raised the price expectation to $29.00 from $26.00. On February 23 Jefferies kept the stock rating at “Buy” and moved up the price target from $21.00 to $25.00.
In the market the company is trading up by 1.36% since yesterday’s close of $27.2. The company also recently declared a dividend payable on Friday September 30th, 2016. The dividend payment will be $0.130 per share for the quarter or $0.52 annualized. The dividend yield will be $1.91. The ex-dividend date has been established as Monday the 19th of September 2016.
Shares are trading at $27.57 which is marginally lower than $27.61, the 50 day moving average and which is just a bit below the 200 day moving average of $27.98. The 50 day moving average moved down $-0.04 and the 200 day average was down $-0.41.
Sabre Corporation’s P/E ratio is 16.07 and market cap is 7.67B. As of the latest earnings report the EPS was $1.72 and is expected to be $1.44 for the current year with 278,069,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.32 and the next full year EPS is anticipated to be $1.71.
Short traders are more bearish on shares of the company of late as indicated by the increase in short interest. The firm saw a rise in short interest of 0.21% as of September 15, 2016 from the last reporting period. Short shares increased from 12,865,355 to 15,536,588 over that period. With short interest at 15,536,588 and short average daily volume at 2,699,350, days to cover is 5.8 and the percentage of shorted shares was 0.06% on September 15.