Seven Harbour Global Lp adds Sabre Corp (SABR) to its portfolio

Sabre Corp (SABR) : Seven Harbour Global Lp added new position in Sabre Corp during the most recent quarter end. The investment management firm now holds 310,000 shares of Sabre Corp which is valued at $8,463,000 , the company said in a statement filed on Aug 11, 2016 with the SEC.Sabre Corp makes up approximately 4.93% of Seven Harbour Global Lp’s portfolio.

Other Hedge Funds, Including , Cipher Capital Lp sold out all of its stake in SABR during the most recent quarter. The investment firm sold 40,215 shares of SABR which is valued $1,097,870. Adams Street Partners sold out all of its stake in SABR during the most recent quarter. The investment firm sold 1,524,127 shares of SABR which is valued $41,608,667.Ardevora Asset Management Llp boosted its stake in SABR in the latest quarter, The investment management firm added 108,800 additional shares and now holds a total of 1,050,400 shares of Sabre Corp which is valued at $28,192,736. Sabre Corp makes up approx 1.12% of Ardevora Asset Management Llp’s portfolio. Waratah Capital Advisors Ltd. sold out all of its stake in SABR during the most recent quarter. The investment firm sold 19,580 shares of SABR which is valued $527,681.Shinko Asset Management Ltd. boosted its stake in SABR in the latest quarter, The investment management firm added 42,815 additional shares and now holds a total of 43,313 shares of Sabre Corp which is valued at $1,264,740. Sabre Corp makes up approx 0.01% of Shinko Asset Management Ltd.’s portfolio.

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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