Tyrian Investments Exits Position in Sabre Corp (SABR)

Sabre Corp (SABR) : Tyrian Investments has sold out all of its stake in Sabre Corp during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 75,742 shares of Sabre Corp which is valued at $2,067,757.

Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd added SABR to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $16,380. Sabre Corp makes up approx 0.03% of Point72 Asia (hong Kong) Ltd’s portfolio.Counsel Portfolio Services reduced its stake in SABR by selling 8,300 shares or 47.98% in the most recent quarter. The Hedge Fund company now holds 9,000 shares of SABR which is valued at $245,700. Sabre Corp makes up approx 0.02% of Counsel Portfolio Services’s portfolio. Vident Investment Advisory added SABR to its portfolio by purchasing 24,017 company shares during the most recent quarter which is valued at $655,664. Sabre Corp makes up approx 0.09% of Vident Investment Advisory’s portfolio. Summit Securities Group added SABR to its portfolio by purchasing 11,821 company shares during the most recent quarter which is valued at $322,713. Sabre Corp makes up approx 0.17% of Summit Securities Group’s portfolio.Sunbelt Securities boosted its stake in SABR in the latest quarter, The investment management firm added 265 additional shares and now holds a total of 570 shares of Sabre Corp which is valued at $15,561. Sabre Corp makes up approx 0.02% of Sunbelt Securities’s portfolio.

Sabre Corp opened for trading at $28.91 and hit $29.08 on the upside on Wednesday, eventually ending the session at $29.04, with a gain of 0.62% or 0.18 points. The heightened volatility saw the trading volume jump to 2,359,779 shares. Company has a market cap of $8,075 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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