Raveneur Investment Group Lp Lowers stake in Sabre Corp (SABR)

Sabre Corp (SABR) : Raveneur Investment Group Lp reduced its stake in Sabre Corp by 22.87% during the most recent quarter end. The investment management company now holds a total of 526,881 shares of Sabre Corp which is valued at $15,105,678 after selling 156,199 shares in Sabre Corp , the firm said in a disclosure report filed with the SEC on May 2, 2016.Sabre Corp makes up approximately 7.51% of Raveneur Investment Group Lp’s portfolio.

Sabre Corp opened for trading at $28.47 and hit $28.9 on the upside on Friday, eventually ending the session at $28.67, with a gain of 0.63% or 0.18 points. The heightened volatility saw the trading volume jump to 26,59,643 shares. Company has a market cap of $7,945 M.

Other Hedge Funds, Including , 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. State Of New Jersey Common Pension Fund D added SABR to its portfolio by purchasing 77,100 company shares during the most recent quarter which is valued at $2,232,045. Sabre Corp makes up approx 0.01% of State Of New Jersey Common Pension Fund D’s portfolio. Lebenthal Holdingsllc added SABR to its portfolio by purchasing 11,095 company shares during the most recent quarter which is valued at $310,882. Sabre Corp makes up approx 0.05% of Lebenthal Holdingsllc’s portfolio.Capital One National Association boosted its stake in SABR in the latest quarter, The investment management firm added 2,899 additional shares and now holds a total of 15,818 shares of Sabre Corp which is valued at $443,220. Sabre Corp makes up approx 0.04% of Capital One National Association’s portfolio.

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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