Sabre Corp (NASDAQ:SABR)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research note issued to investors on Tuesday, Market Beat reports.

Several hedge funds and institutional investors have recently modified their holdings of the stock. Simplex Trading raised its position in shares of Sabre Corp by 85.7% in the fourth quarter. Simplex Trading now owns 13 shares of the company’s stock worth $0 after buying an additional 6 shares during the last quarter. Beacon Capital Management purchased a new position in shares of Sabre Corp during the fourth quarter worth approximately $0. Quantitative Systematic Strategies purchased a new position in shares of Sabre Corp during the fourth quarter worth approximately $358,000. Capital One National Association raised its position in shares of Sabre Corp by 25.0% in the fourth quarter. Capital One National Association now owns 12,919 shares of the company’s stock worth $361,000 after buying an additional 2,580 shares during the last quarter. Finally, DIAM Co. Ltd. purchased a new position in shares of Sabre Corp during the fourth quarter worth approximately $444,000.

In related news, EVP Hugh W. Jones sold 76,350 shares of the company’s stock in a transaction on Friday, January 8th. The stock was sold at an average price of $26.03, for a total value of $1,987,390.50. Following the completion of the transaction, the executive vice president now directly owns 83,799 shares in the company, valued at $2,181,287.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory T. Webb sold 51,002 shares of the company’s stock in a transaction on Wednesday, January 20th. The shares were sold at an average price of $25.37, for a total value of $1,293,920.74. Following the completion of the transaction, the insider now owns 63,100 shares of the company’s stock, valued at $1,600,847. The disclosure for this sale can be found here.

Shares of Sabre Corp (NASDAQ:SABR) traded down 2.19% during trading on Tuesday, hitting $24.61. 3,167,610 shares of the stock traded hands. The company has a market cap of $6.83 billion and a price-to-earnings ratio of 14.78. The firm’s 50-day moving average price is $27.10 and its 200-day moving average price is $27.92. Sabre Corp has a 52 week low of $19.76 and a 52 week high of $30.45.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 30th. Investors of record on Monday, December 21st were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, December 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.46%.

Several other equities research analysts have also recently weighed in on SABR. Mizuho increased their price objective on Sabre Corp from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Zacks Investment Research raised Sabre Corp from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research report on Friday, October 30th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.14.

Sabre Corporation (NASDAQ:SABR) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network, which is a global business-to-business travel marketplace for travel suppliers and travel buyers, and Airline and Hospitality Solutions, which provides a suite of software solutions, primarily for airlines and hotel properties. The Company connects travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions, ranging from airline and hotel reservations systems to marketing and operations solutions, such as planning airline crew schedules, re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.

12 Month Chart for NASDAQ:SABR

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