Sabre Corp (SABR) Position Lifted by KBC Group NV

KBC Group NV increased its position in Sabre Corp (NASDAQ:SABR) by 1,258.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 370,642 shares of the information technology services provider’s stock after acquiring an additional 343,367 shares during the quarter. KBC Group NV owned about 0.13% of Sabre worth $6,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Creative Planning raised its holdings in Sabre by 4.7% in the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 205 shares during the period. Advisor Group Inc. raised its holdings in Sabre by 55.6% in the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after acquiring an additional 2,029 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Sabre by 21.6% during the 2nd 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 period. Neuberger Berman Group LLC bought a new position in shares of Sabre during the 2nd quarter worth about $203,000. Finally, Citigroup Inc. increased its holdings in shares of Sabre by 98.9% during the 2nd 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 period.

Shares of Sabre Corp (NASDAQ:SABR) opened at $19.77 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 5.29. Sabre Corp has a 12-month low of $17.30 and a 12-month high of $27.35. The firm has a market cap of $5,446.97, a PE ratio of 15.73, a PEG ratio of 4.78 and a beta of 0.76.

Sabre (NASDAQ:SABR) last issued its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The business had revenue of $900.60 million for the quarter, compared to analyst estimates of $884.04 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. analysts anticipate that Sabre Corp will post 1.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, December 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.83%. Sabre’s dividend payout ratio (DPR) is currently 83.58%.

SABR has been the topic of several research reports. TheStreet upgraded shares of Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Jefferies Group upgraded shares of Sabre from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, August 15th. Cowen set a $23.00 price objective on shares of Sabre and gave the stock a “buy” rating in a report on Thursday, October 12th. Deutsche Bank restated a “buy” rating and set a $22.00 price objective (down previously from $25.00) on shares of Sabre in a report on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of Sabre from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Sabre has a consensus rating of “Hold” and an average target price of $22.63.

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About Sabre

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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