Lateef Investment Management L.P. lowered its holdings in Sabre Corp (NASDAQ:SABR) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 891,731 shares of the information technology services provider’s stock after selling 166,793 shares during the period. Sabre makes up about 1.7% of Lateef Investment Management L.P.’s holdings, making the stock its 27th biggest position. Lateef Investment Management L.P.’s holdings in Sabre were worth $18,280,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Sabre in the fourth quarter valued at approximately $169,000. Toronto Dominion Bank raised its position in shares of Sabre by 39.8% in the fourth quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock valued at $253,000 after purchasing an additional 3,509 shares during the period. IFG Advisory LLC bought a new stake in shares of Sabre in the fourth quarter valued at approximately $321,000. Crossmark Global Holdings Inc. bought a new stake in shares of Sabre in the third quarter valued at approximately $348,000. Finally, Parametrica Management Ltd bought a new stake in shares of Sabre in the fourth quarter valued at approximately $349,000.
Shares of Sabre Corp (SABR) opened at $22.81 on Monday. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.99 and a current ratio of 0.99. Sabre Corp has a twelve month low of $17.30 and a twelve month high of $25.01. The firm has a market cap of $6,260.12, a P/E ratio of 25.92, a P/E/G ratio of 2.56 and a beta of 0.55.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st will be paid a $0.14 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.46%. Sabre’s dividend payout ratio is presently 63.64%.
A number of analysts recently weighed in on the stock. Cowen reaffirmed a “buy” rating and set a $27.00 target price on shares of Sabre in a report on Wednesday, March 7th. Zacks Investment Research raised shares of Sabre from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, March 2nd. Deutsche Bank upped their target price on shares of Sabre from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Mizuho reaffirmed a “buy” rating and set a $25.00 target price on shares of Sabre in a report on Thursday, January 25th. Finally, BidaskClub raised shares of Sabre from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Sabre presently has an average rating of “Hold” and a consensus target price of $23.78.
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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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