Adams Street Partners adds Sabre Corp (SABR) to its portfolio

Sabre Corp (SABR) : Adams Street Partners added new position in Sabre Corp during the most recent quarter end. The investment management firm now holds 1,524,127 shares of Sabre Corp which is valued at $44.2 Million , the company said in a statement filed on May 12, 2016 with the SEC.Sabre Corp makes up approximately 8.01% of Adams Street Partners’s portfolio.

Other Hedge Funds, Including , Victory Capital Management Inc added SABR to its portfolio by purchasing 583,152 company shares during the most recent quarter which is valued at $16.9 Million. Sabre Corp makes up approx 0.07% of Victory Capital Management Inc’s portfolio.Amalgamated Bank boosted its stake in SABR in the latest quarter, The investment management firm added 1,053 additional shares and now holds a total of 13,445 shares of Sabre Corp which is valued at $390,039. Sabre Corp makes up approx 0.04% of Amalgamated Bank’s portfolio. Financial Architects Inc added SABR to its portfolio by purchasing 671 company shares during the most recent quarter which is valued at $19,466. Sabre Corp makes up approx 0.01% of Financial Architects Inc’s portfolio.Nordea Investment Management Ab reduced its stake in SABR by selling 122,849 shares or 10.09% in the most recent quarter. The Hedge Fund company now holds 1,094,605 shares of SABR which is valued at $31.7 Million. Sabre Corp makes up approx 0.10% of Nordea Investment Management Ab’s portfolio.Aperio Group reduced its stake in SABR by selling 8,177 shares or 41.0% in the most recent quarter. The Hedge Fund company now holds 11,766 shares of SABR which is valued at $340,626.

Sabre Corp opened for trading at $27.91 and hit $28.24 on the upside on Friday, eventually ending the session at $27.85, with a gain of 0.36% or 0.1 points. The heightened volatility saw the trading volume jump to 18,68,349 shares. Company has a market cap of $7,717,346 M.

On the company’s financial health, Sabre Corp reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.37. The company had revenue of $859.50 million for the quarter, compared to analysts expectations of $849.87 million. The company’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Sabre Corp. Sterne Agee CRT Initiated Sabre Corp on Apr 13, 2016 to “Buy”, Price Target of the shares are set at $33.Pacific Crest Initiated Sabre Corp on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $35.Company shares were Reiterated by Mizuho on Feb 29, 2016 to “Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .

Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network which is a global business-to-business travel marketplace for travel suppliers and travel buyers and Airline and Hospitality Solutions which provides a suite of software solutions primarily for airlines and hotel properties. The Company connects travel suppliers including airlines hotels car rental brands rail carriers cruise lines and tour operators with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions ranging from airline and hotel reservations systems to marketing and operations solutions such as planning airline crew schedules re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.

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