Flinton Capital Management LLC Acquires Shares of 18,938 Sabre Corporation (SABR)

Flinton Capital Management LLC acquired a new stake in shares of Sabre Corporation (NASDAQ:SABR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 18,938 shares of the information technology services provider’s stock, valued at approximately $412,000.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. raised its stake in Sabre Corporation by 51.4% during the second quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock valued at $507,810,000 after buying an additional 7,919,869 shares during the last quarter. Vanguard Group Inc. raised its stake in Sabre Corporation by 4.0% during the second quarter. Vanguard Group Inc. now owns 16,094,899 shares of the information technology services provider’s stock valued at $350,385,000 after buying an additional 619,975 shares during the last quarter. FIL Ltd raised its stake in Sabre Corporation by 433.5% during the second quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock valued at $237,701,000 after buying an additional 8,872,029 shares during the last quarter. FMR LLC raised its stake in Sabre Corporation by 10.7% during 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 last quarter. Finally, State Street Corp raised its stake in Sabre Corporation by 2.6% during the first quarter. State Street Corp now owns 3,775,971 shares of the information technology services provider’s stock valued at $80,006,000 after buying an additional 95,766 shares during the last quarter.

A number of brokerages have issued reports on SABR. Mizuho reiterated a “buy” rating and set a $25.00 price objective (down previously from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Sabre Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. TheStreet cut Sabre Corporation from a “b” rating to a “c” rating in a research note on Tuesday, August 1st. BidaskClub cut Sabre Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Finally, Bank of America Corporation cut Sabre Corporation from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $24.00 to $18.00 in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Sabre Corporation currently has an average rating of “Hold” and a consensus target price of $22.63.

Shares of Sabre Corporation (NASDAQ SABR) opened at 18.23 on Wednesday. The firm has a 50 day moving average price of $18.16 and a 200-day moving average price of $20.96. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 38.46 and a beta of 0.74. Sabre Corporation has a 12-month low of $17.30 and a 12-month high of $27.35.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 21st were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $0.56 annualized dividend and a dividend yield of 3.07%. Sabre Corporation’s dividend payout ratio is presently 116.67%.

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

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

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