Swiss National Bank lifted its holdings in shares of Sabre Corp (NASDAQ:SABR) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 769,600 shares of the information technology services provider’s stock after purchasing an additional 2,900 shares during the quarter. Swiss National Bank owned 0.28% of Sabre worth $15,777,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SABR. Miller Howard Investments Inc. NY acquired a new stake in shares of Sabre during the fourth quarter worth about $64,563,000. Burgundy Asset Management Ltd. grew its holdings in shares of Sabre by 14.3% during the third quarter. Burgundy Asset Management Ltd. now owns 10,806,431 shares of the information technology services provider’s stock worth $195,596,000 after buying an additional 1,354,184 shares in the last quarter. DSAM Partners London Ltd bought a new position in shares of Sabre during the fourth quarter worth about $15,670,000. Mackenzie Financial Corp grew its holdings in shares of Sabre by 36.3% during the third quarter. Mackenzie Financial Corp now owns 2,575,655 shares of the information technology services provider’s stock worth $46,619,000 after buying an additional 686,522 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Sabre by 20.9% during the third quarter. Schroder Investment Management Group now owns 2,650,065 shares of the information technology services provider’s stock worth $48,496,000 after buying an additional 457,502 shares in the last quarter.
Sabre Corp (NASDAQ:SABR) opened at $23.26 on Tuesday. The firm has a market capitalization of $6,383.62, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 5.58 and a beta of 0.72. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 4.87. Sabre Corp has a fifty-two week low of $17.30 and a fifty-two week high of $25.01.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.41%. Sabre’s dividend payout ratio (DPR) is currently 63.64%.
SABR has been the subject of a number of analyst reports. TheStreet upgraded Sabre from a “c” rating to a “b-” rating in a research note on Monday, November 27th. Mizuho restated a “buy” rating and issued a $25.00 price target on shares of Sabre in a research note on Thursday, January 25th. Zacks Investment Research upgraded Sabre from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Saturday, February 3rd. Oppenheimer restated a “buy” rating and issued a $24.00 price target on shares of Sabre in a research note on Wednesday, November 1st. Finally, BidaskClub upgraded Sabre from a “strong sell” rating to a “sell” rating in a research note on Saturday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.67.
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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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