Shelton Capital Management Invests $348,000 in Sabre Corporation (SABR)

Shelton Capital Management purchased a new stake in shares of Sabre Corporation (NASDAQ:SABR) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 15,972 shares of the information technology services provider’s stock, valued at approximately $348,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SABR. Creative Planning lifted its holdings in shares of Sabre Corporation by 4.7% during the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 205 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Sabre Corporation by 55.6% during the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after acquiring an additional 2,029 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Sabre Corporation by 21.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after acquiring an additional 1,100 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Sabre Corporation during the 2nd quarter worth $203,000. Finally, Parametrica Management Ltd bought a new stake in shares of Sabre Corporation during the 2nd quarter worth $206,000.

A number of analysts have recently issued reports on SABR shares. TheStreet downgraded shares of Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Bank of America Corporation downgraded shares of Sabre Corporation from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $24.00 to $18.00 in a research note on Monday, August 7th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $24.00 price target (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Mizuho reissued a “buy” rating and issued a $25.00 price target (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC raised shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.63.

In related news, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction dated Friday, August 4th. The shares were 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 Securities & Exchange Commission, which is available at this link. Also, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation 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 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. Company insiders own 1.80% of the company’s stock.

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Sabre Corporation (SABR) opened at 18.00 on Friday. The stock’s 50 day moving average is $18.18 and its 200 day moving average is $20.92. The company has a market capitalization of $5.02 billion, a P/E ratio of 37.97 and a beta of 0.74. Sabre Corporation has a 52 week low of $17.30 and a 52 week high of $27.35.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors 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 dividend on an annualized basis and a yield of 3.11%. Sabre Corporation’s payout ratio is 116.67%.

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.

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

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