Gareth Morgan Investments Limited Partnership Lowers stake in Sabre Corp (SABR)

Sabre Corp (SABR) : Gareth Morgan Investments Limited Partnership reduced its stake in Sabre Corp by 10.29% during the most recent quarter end. The investment management company now holds a total of 515,735 shares of Sabre Corp which is valued at $14,079,566 after selling 59,128 shares in Sabre Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Sabre Corp makes up approximately 1.31% of Gareth Morgan Investments Limited Partnership’s portfolio.

Other Hedge Funds, Including , Omers Administration Corp added SABR to its portfolio by purchasing 22,700 company shares during the most recent quarter which is valued at $619,710. Sabre Corp makes up approx 0.01% of Omers Administration Corp’s portfolio. Intrust Bank Na sold out all of its stake in SABR during the most recent quarter. The investment firm sold 9,814 shares of SABR which is valued $261,641.Capital Fund Management S.a. reduced its stake in SABR by selling 150,232 shares or 21.03% in the most recent quarter. The Hedge Fund company now holds 564,145 shares of SABR which is valued at $16,473,034. Sabre Corp makes up approx 0.28% of Capital Fund Management S.a.’s portfolio.Msi Financial Services Inc reduced its stake in SABR by selling 13 shares or 7.07% in the most recent quarter. The Hedge Fund company now holds 171 shares of SABR which is valued at $4,993.

Sabre Corp opened for trading at $27.29 and hit $27.83 on the upside on Tuesday, eventually ending the session at $27.8, with a gain of 1.87% or 0.51 points. The heightened volatility saw the trading volume jump to 21,13,712 shares. Company has a market cap of $7,730 M.

On the company’s financial health, Sabre Corp reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.35. The company had revenue of $845.20 million for the quarter, compared to analysts expectations of $849.06 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

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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