Sabre Corporation (SABR) Shares Bought by Brookstone Capital Management
Brookstone Capital Management raised its position in shares of Sabre Corporation (NASDAQ:SABR) by 42.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,199 shares of the information technology services provider’s stock after buying an additional 5,411 shares during the period. Brookstone Capital Management’s holdings in Sabre Corporation were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in shares of Sabre Corporation in the second quarter valued at $27,613,000. State of Wisconsin Investment Board raised its stake in shares of Sabre Corporation by 6.8% in the second quarter. State of Wisconsin Investment Board now owns 141,320 shares of the information technology services provider’s stock valued at $3,077,000 after acquiring an additional 9,020 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Sabre Corporation by 4.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 208,410 shares of the information technology services provider’s stock valued at $4,537,000 after acquiring an additional 9,310 shares in the last quarter. Cadence Capital Management LLC raised its stake in shares of Sabre Corporation by 22.0% in the second quarter. Cadence Capital Management LLC now owns 28,868 shares of the information technology services provider’s stock valued at $628,000 after acquiring an additional 5,201 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Sabre Corporation by 67.5% in the second quarter. Northern Trust Corp now owns 2,005,364 shares of the information technology services provider’s stock valued at $43,657,000 after acquiring an additional 808,017 shares in the last quarter.
In related news, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the transaction, the insider now directly owns 31,726 shares of the company’s stock, valued at $568,529.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.
SABR has been the topic of several analyst reports. Zacks Investment Research cut Sabre Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $24.00 price objective (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Cowen and Company set a $23.00 price objective on Sabre Corporation and gave the company a “buy” rating in a research note on Thursday, October 12th. Deutsche Bank AG reiterated a “buy” rating and issued a $22.00 price objective (down from $25.00) on shares of Sabre Corporation in a research note on Monday, October 9th. Finally, Goldman Sachs Group, Inc. (The) cut Sabre Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $20.00 in a research note on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Sabre Corporation currently has a consensus rating of “Hold” and an average price target of $22.63.
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Shares of Sabre Corporation (SABR) opened at $19.05 on Tuesday. Sabre Corporation has a 52 week low of $17.30 and a 52 week high of $27.35. The firm has a market capitalization of $5,150.16, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 4.52 and a beta of 0.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 5.29.
Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. Sabre Corporation had a net margin of 5.22% and a return on equity of 53.97%. The business had revenue of $900.60 million for the quarter, compared to analyst estimates of $884.04 million. During the same period last year, the firm earned $0.27 earnings per share. Sabre Corporation’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities research analysts predict that Sabre Corporation will post 1.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, December 20th. Sabre Corporation’s dividend payout ratio is 83.58%.
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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