Gareth Morgan Investments Limited Partnership adds Sabre Corp (SABR) to its portfolio

Sabre Corp (SABR) : Gareth Morgan Investments Limited Partnership added new position in Sabre Corp during the most recent quarter end. The investment management firm now holds 574,863 shares of Sabre Corp which is valued at $16.7 Million , the company said in a statement filed on May 11, 2016 with the SEC.Sabre Corp makes up approximately 1.73% of Gareth Morgan Investments Limited Partnership’s portfolio.

Other Hedge Funds, Including , Martingale Asset Management L P added SABR to its portfolio by purchasing 7,400 company shares during the most recent quarter which is valued at $214,674.Cibc Asset Management Inc boosted its stake in SABR in the latest quarter, The investment management firm added 453 additional shares and now holds a total of 8,731 shares of Sabre Corp which is valued at $253,286.Tiaa Cref Investment Management reduced its stake in SABR by selling 762,788 shares or 34.83% in the most recent quarter. The Hedge Fund company now holds 1,427,521 shares of SABR which is valued at $40.9 Million. Sabre Corp makes up approx 0.03% of Tiaa Cref Investment Management’s portfolio.California Public Employees Retirement System boosted its stake in SABR in the latest quarter, The investment management firm added 13,700 additional shares and now holds a total of 357,400 shares of Sabre Corp which is valued at $10.2 Million. Sabre Corp makes up approx 0.02% of California Public Employees Retirement System’s portfolio.Thompson Davis reduced its stake in SABR by selling 1,784 shares or 40.53% in the most recent quarter. The Hedge Fund company now holds 2,618 shares of SABR which is valued at $75,058. Sabre Corp makes up approx 0.11% of Thompson Davis’s portfolio.

Sabre Corp closed down -0.47 points or -1.62% at $28.54 with 32,31,850 shares getting traded on Monday. Post opening the session at $28.97, the shares hit an intraday low of $28.42 and an intraday high of $28.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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