Mackenzie Financial Corp lifted its stake in shares of Sabre Corp (NASDAQ:SABR) by 36.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,575,655 shares of the information technology services provider’s stock after acquiring an additional 686,522 shares during the period. Mackenzie Financial Corp owned approximately 0.94% of Sabre worth $46,619,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of SABR. Creative Planning boosted its holdings in Sabre by 4.7% during the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 205 shares during the last quarter. Advisor Group Inc. boosted its holdings in Sabre by 55.6% during the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after purchasing an additional 2,029 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Sabre by 21.6% during the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after purchasing an additional 1,100 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in Sabre during the second quarter worth $203,000. Finally, Citigroup Inc. boosted its holdings in Sabre by 98.9% during the second quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock worth $207,000 after purchasing an additional 4,734 shares during the last quarter.
Several brokerages recently commented on SABR. Zacks Investment Research upgraded shares of Sabre from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Jefferies Group upgraded shares of Sabre 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. Goldman Sachs Group cut shares of Sabre from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $20.00 in a research note on Monday, September 11th. Oppenheimer reiterated a “buy” rating and issued a $24.00 price target on shares of Sabre in a research note on Wednesday, November 1st. Finally, Deutsche Bank reiterated a “buy” rating and issued a $22.00 price target (down previously from $25.00) on shares of Sabre in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.63.
Shares of Sabre Corp (NASDAQ:SABR) opened at $19.77 on Wednesday. The company has a market cap of $5,446.97, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 4.78 and a beta of 0.76. The company has a debt-to-equity ratio of 5.29, a current ratio of 0.89 and a quick ratio of 0.89. Sabre Corp has a 12 month low of $17.30 and a 12 month high of $27.35.
Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $900.60 million during the quarter, compared to analysts’ expectations of $884.04 million. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. equities research analysts expect that Sabre Corp will post 1.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, December 20th. Sabre’s payout ratio is presently 83.58%.
WARNING: “Mackenzie Financial Corp Raises Stake in Sabre Corp (SABR)” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/06/mackenzie-financial-corp-raises-stake-in-sabre-corp-sabr.html.
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.
Receive News & Ratings for Sabre Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corp and related companies with MarketBeat.com's FREE daily email newsletter.