Schroder Investment Management Group grew its stake in Sabre Corp (NASDAQ:SABR) by 16.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,076,973 shares of the information technology services provider’s stock after purchasing an additional 426,908 shares during the period. Schroder Investment Management Group’s holdings in Sabre were worth $63,078,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of SABR. Advisor Group Inc. lifted its holdings in shares of Sabre by 55.6% in the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after buying an additional 2,029 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Sabre by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,366 shares of the information technology services provider’s stock valued at $16,054,000 after buying an additional 50,050 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Sabre by 154.9% in the 2nd quarter. Janus Henderson Group PLC now owns 43,107 shares of the information technology services provider’s stock valued at $938,000 after buying an additional 26,195 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Sabre by 3,027.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 306,318 shares of the information technology services provider’s stock valued at $6,668,000 after buying an additional 296,522 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Sabre by 2.1% in the 2nd quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock valued at $272,000 after buying an additional 254 shares during the period.
Sabre Corp (NASDAQ SABR) opened at $23.26 on Tuesday. 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 52 week low of $17.30 and a 52 week high of $25.01. The firm has a market capitalization of $6,383.62, a PE ratio of 17.89, a P/E/G ratio of 5.58 and a beta of 0.72.
Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.10. Sabre had a return on equity of 53.65% and a net margin of 6.74%. The firm had revenue of $881.90 million during the quarter, compared to analyst estimates of $863.54 million. During the same quarter in the previous year, the business earned $0.27 EPS. Sabre’s revenue for the quarter was up 6.3% compared to the same quarter last year. research analysts forecast that Sabre Corp will post 1.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors 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 annualized dividend and a dividend yield of 2.41%. Sabre’s dividend payout ratio is presently 63.64%.
Several equities analysts have recently issued reports on the company. BidaskClub raised Sabre from a “strong sell” rating to a “sell” rating in a report on Saturday. Evercore ISI cut Sabre from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. Mizuho reissued a “buy” rating and issued a $25.00 price objective on shares of Sabre in a report on Thursday, January 25th. Zacks Investment Research cut Sabre from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Oppenheimer reissued a “buy” rating and issued a $24.00 price objective on shares of Sabre in a report on Wednesday, November 1st. Three investment 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 an average rating of “Hold” and an average price target of $22.67.
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Sabre Company 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.
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