Sabre Corp (SABR) Files Form 4 Insider Selling : Hugh W Jones Sells 106,036 Shares

Sabre Corp (SABR): Hugh W Jones , Executive Vice President of Sabre Corp sold 106,036 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $27.96 per share for a total value of $2,964,777.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Deborah Kerr (Executive Vice President) sold 45,000 shares at $28.01 per share price.On May 18, 2016, Hugh W Jones (Executive Vice President) sold 106,036 shares at $28.12 per share price.Also, On May 18, 2016, William G Jr Robinson (Executive Vice President) sold 49,057 shares at $28.12 per share price.On May 18, 2016, Gregory T Webb (Vice Chairman) sold 51,002 shares at $28.60 per share price.

Shares of Sabre Corp (SABR) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -0.07 points or -0.25% at $28.1 with 25,50,816 shares getting traded. Post opening the session at $28.38, the shares hit an intraday low of $27.7 and an intraday high of $28.39 and the price vacillated in this range throughout the day. The company has a market cap of $7,787 M and the number of outstanding shares has been calculated to be 27,71,03,660 shares. The 52-week high of Sabre Corp is $30.455 and the 52-week low is $22.0301.

Sabre Corp Money Flow Index Chart

On May 25, 2016, Sabre Corp announced a cash dividend of $0.1300. The company’s management has announced Jun 17, 2016 as the ex-dividend date and fixed the record date on Jun 21, 2016. The payable date has been fixed on Jun 30, 2016.

Company has been under the radar of several Street Analysts.Sabre Corp is Initiated by Sterne Agee CRT to Buy and the brokerage firm has set the Price Target at $33. The Rating was issued on Apr 13, 2016.Sabre Corp is Initiated by Pacific Crest to Overweight and the brokerage firm has set the Price Target at $35. The Rating was issued on Mar 31, 2016.

Sabre Corporation (Sabre) 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.

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