Brookstone Capital Management bought a new stake in shares of Sabre Corporation (NASDAQ:SABR) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 12,788 shares of the information technology services provider’s stock, valued at approximately $278,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Sabre Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 15,474,924 shares of the information technology services provider’s stock valued at $327,913,000 after buying an additional 542,216 shares during the period. BlackRock Inc. boosted its position in Sabre Corporation by 6,499.9% in the first quarter. BlackRock Inc. now owns 15,406,248 shares of the information technology services provider’s stock valued at $326,459,000 after buying an additional 15,172,817 shares during the period. FMR LLC boosted its position in Sabre Corporation by 10.7% in the first quarter. FMR LLC now owns 10,733,095 shares of the information technology services provider’s stock valued at $227,434,000 after buying an additional 1,038,669 shares during the period. Burgundy Asset Management Ltd. boosted its position in Sabre Corporation by 4.4% in the first quarter. Burgundy Asset Management Ltd. now owns 9,331,715 shares of the information technology services provider’s stock valued at $197,739,000 after buying an additional 393,440 shares during the period. Finally, Cantillon Capital Management LLC acquired a new position in Sabre Corporation during the first quarter valued at about $83,767,000.

Shares of Sabre Corporation (NASDAQ:SABR) opened at 18.43 on Tuesday. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 38.88 and a beta of 0.71. The company’s 50 day moving average price is $20.05 and its 200 day moving average price is $21.77. Sabre Corporation has a 52-week low of $17.30 and a 52-week high of $29.45.

Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The business had revenue of $900.66 million for the quarter, compared to analyst estimates of $895.05 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. On average, analysts predict that Sabre Corporation will post $1.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is currently 116.67%.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/08/29/brookstone-capital-management-invests-278000-in-sabre-corporation-sabr.html.

Several equities research analysts recently weighed in on the company. TheStreet lowered Sabre Corporation from a “b” rating to a “c” rating in a research report on Tuesday, August 1st. Bank of America Corporation lowered Sabre Corporation from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $24.00 to $18.00 in a research report on Monday, August 7th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $24.00 price target (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Mizuho restated a “buy” rating and set a $25.00 price target (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC upgraded Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, August 15th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.11.

In related news, insider Judson Wade Jones sold 3,822 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the transaction, the insider now owns 31,726 shares of the company’s stock, valued at $568,529.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hugh W. Jones sold 36,100 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $726,332.00. Following the completion of the transaction, the insider now directly owns 82,600 shares in the company, valued at approximately $1,661,912. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Sabre Corporation 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.

Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabre Corporation (NASDAQ:SABR).

Institutional Ownership by Quarter for Sabre Corporation (NASDAQ:SABR)

Receive News & Stock Ratings for Sabre Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corporation and related stocks with our FREE daily email newsletter.