Burgundy Asset Management Ltd. increased its holdings in Sabre Corp (NASDAQ:SABR) by 14.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,806,431 shares of the information technology services provider’s stock after buying an additional 1,354,184 shares during the period. Sabre comprises approximately 1.8% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its 23rd biggest holding. Burgundy Asset Management Ltd. owned about 3.93% of Sabre worth $195,596,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Creative Planning grew its holdings in Sabre by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 205 shares during the last quarter. Advisor Group Inc. grew its holdings in Sabre by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after purchasing an additional 2,029 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Sabre by 21.6% in the second 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 last quarter. Neuberger Berman Group LLC purchased a new position in Sabre in the second quarter worth $203,000. Finally, Citigroup Inc. grew its holdings in Sabre by 98.9% in the second 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 last quarter.
Shares of Sabre Corp (NASDAQ SABR) opened at $20.22 on Friday. The firm has a market cap of $5,560.00, a price-to-earnings ratio of 15.77, a PEG ratio of 4.80 and a beta of 0.76. 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 1-year low of $17.30 and a 1-year high of $26.30.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, December 20th. Sabre’s payout ratio is 81.16%.
SABR has been the topic of several analyst reports. TheStreet raised shares of Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Deutsche Bank reissued a “buy” rating and set a $22.00 price objective (down from $25.00) on shares of Sabre in a report on Monday, October 9th. Oppenheimer reissued a “buy” rating and set a $24.00 price objective on shares of Sabre in a report on Wednesday, November 1st. Cowen set a $23.00 price objective on shares of Sabre and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Sabre from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.63.
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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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