Sabre Corp (NASDAQ:SABR) was the recipient of unusually large options trading on Monday. Stock traders purchased 3,066 call options on the stock. This represents an increase of 2,713% compared to the typical volume of 109 call options.
A number of institutional investors have recently bought and sold shares of the stock. Burgundy Asset Management Ltd. boosted its holdings in 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 last quarter. Mackenzie Financial Corp boosted its holdings in Sabre by 70.4% in the fourth quarter. Mackenzie Financial Corp now owns 4,388,602 shares of the information technology services provider’s stock valued at $89,966,000 after acquiring an additional 1,812,947 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 last quarter. Miller Howard Investments Inc. NY bought a new position in Sabre in the fourth quarter valued at about $64,563,000. Finally, Schroder Investment Management Group boosted its holdings in Sabre by 16.1% in the fourth quarter. Schroder Investment Management Group now owns 3,076,973 shares of the information technology services provider’s stock valued at $63,078,000 after acquiring an additional 426,908 shares during the last quarter.
Several research analysts have issued reports on the company. Deutsche Bank increased their price objective on Sabre from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. BidaskClub upgraded Sabre from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Zacks Investment Research lowered Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Cowen restated a “buy” rating and issued a $27.00 target price on shares of Sabre in a research note on Wednesday, March 7th. Finally, Evercore ISI lowered Sabre from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $23.78.
Sabre (NASDAQ:SABR) last announced its earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.10. The company had revenue of $881.90 million during the quarter, compared to analyst estimates of $863.54 million. Sabre had a return on equity of 53.65% and a net margin of 6.74%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. analysts predict that Sabre will post 1.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, March 21st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.54%. The ex-dividend date is Tuesday, March 20th. Sabre’s dividend payout ratio is 53.33%.
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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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