Mackenzie Financial Corp Raises Stake in Sabre Corp (SABR)

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%.

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Sabre 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 (NASDAQ:SABR)

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