BlueMountain Capital Management LLC Acquires Shares of 83,167 Sabre Corporation (SABR)

BlueMountain Capital Management LLC acquired a new position in Sabre Corporation (NASDAQ:SABR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 83,167 shares of the information technology services provider’s stock, valued at approximately $1,811,000.

Several other institutional investors and hedge funds have also bought and sold shares of SABR. BlackRock Inc. boosted its holdings in shares of 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 worth $326,459,000 after buying an additional 15,172,817 shares during the last quarter. FIL Ltd boosted its holdings in shares of Sabre Corporation by 4,541.8% in the first quarter. FIL Ltd now owns 2,046,721 shares of the information technology services provider’s stock worth $43,370,000 after buying an additional 2,002,628 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Sabre Corporation by 16,814.3% in the first quarter. Citadel Advisors LLC now owns 1,571,148 shares of the information technology services provider’s stock worth $33,292,000 after buying an additional 1,580,548 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Sabre Corporation by 132.5% in the second quarter. Bank of New York Mellon Corp now owns 2,656,066 shares of the information technology services provider’s stock worth $57,823,000 after buying an additional 1,513,581 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Sabre Corporation by 3,253.9% in the first quarter. Mackenzie Financial Corp now owns 1,545,657 shares of the information technology services provider’s stock worth $32,752,000 after buying an additional 1,499,572 shares during the last quarter.

In other news, insider Hugh W. Jones sold 36,100 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction that occurred 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 directly owns 31,726 shares of the company’s stock, valued at $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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Shares of Sabre Corporation (NASDAQ SABR) opened at 18.05 on Tuesday. The company has a market cap of $5.03 billion, a PE ratio of 38.08 and a beta of 0.74. The firm’s 50-day moving average is $18.45 and its 200-day moving average is $21.36. Sabre Corporation has a 1-year low of $17.30 and a 1-year high of $28.42.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, September 20th. Sabre Corporation’s payout ratio is 116.67%.

A number of research firms recently issued reports on SABR. Zacks Investment Research raised shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Friday, June 9th. BidaskClub downgraded shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $24.00 price objective (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet downgraded shares of Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Finally, Cowen and Company reissued an “outperform” rating and issued a $23.00 price objective (down previously from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $23.22.

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.

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

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