Mackenzie Financial Corp boosted its holdings in Sabre Corp (NASDAQ:SABR) by 70.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,388,602 shares of the information technology services provider’s stock after purchasing an additional 1,812,947 shares during the quarter. Mackenzie Financial Corp’s holdings in Sabre were worth $89,966,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of SABR. Burgundy Asset Management Ltd. boosted its holdings in shares of Sabre by 29.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 13,976,268 shares of the information technology services provider’s stock valued at $286,513,000 after acquiring an additional 3,169,837 shares during the period. Miller Howard Investments Inc. NY acquired a new stake in shares of Sabre in the fourth quarter valued at approximately $64,563,000. Wells Fargo & Company MN boosted its holdings in shares of Sabre by 175.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,302,885 shares of the information technology services provider’s stock valued at $47,208,000 after acquiring an additional 1,466,939 shares during the period. DSAM Partners London Ltd acquired a new stake in shares of Sabre in the fourth quarter valued at approximately $15,670,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Sabre by 19.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,176,740 shares of the information technology services provider’s stock valued at $65,122,000 after acquiring an additional 512,788 shares during the period.
Several equities research analysts recently weighed in on the company. Deutsche Bank increased their price target on Sabre from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday. BidaskClub raised Sabre from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Zacks Investment Research downgraded Sabre from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho reaffirmed a “buy” rating and set a $25.00 price target on shares of Sabre in a report on Thursday, January 25th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $24.00 price target on shares of Sabre in a report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Sabre presently has a consensus rating of “Hold” and a consensus target price of $23.00.
Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.10. The firm had revenue of $881.90 million during the quarter, compared to the consensus estimate of $863.54 million. Sabre had a return on equity of 53.65% and a net margin of 6.74%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. analysts anticipate that Sabre Corp will post 1.16 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.44%. The ex-dividend date is Tuesday, March 20th. Sabre’s payout ratio is 63.64%.
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.
Want to see what other hedge funds are holding SABR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabre Corp (NASDAQ:SABR).
Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.