Brookstone Capital Management Invests $278,000 in Sabre Corporation (SABR)
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%.
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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.
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