Sabre Corp (SABR) : Tpg Group Holdings (sbs) Advisors reduced its stake in Sabre Corp by 40.68% during the most recent quarter end. The investment management company now holds a total of 45,856,647 shares of Sabre Corp which is valued at $1,330.3 Million after selling 31,448,487 shares in Sabre Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Sabre Corp makes up approximately 13.88% of Tpg Group Holdings (sbs) Advisors’s portfolio.
Other Hedge Funds, Including , Empire Capital Management L.l.c. sold out all of its stake in SABR during the most recent quarter. The investment firm sold 55,000 shares of SABR which is valued $1.6 Million. Ardevora Asset Management Llp added SABR to its portfolio by purchasing 941,600 company shares during the most recent quarter which is valued at $27.3 Million. Sabre Corp makes up approx 1.33% of Ardevora Asset Management Llp’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in SABR by selling 201,950 shares or 73.91% in the most recent quarter. The Hedge Fund company now holds 71,280 shares of SABR which is valued at $2.1 Million. Sabre Corp makes up approx 0.03% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in SABR in the latest quarter, The investment management firm added 520,377 additional shares and now holds a total of 4,439,116 shares of Sabre Corp which is valued at $128.8 Million. Sabre Corp makes up approx 0.02% of Blackrock Institutional Trust Company N.a.’s portfolio.Diam Ltd. boosted its stake in SABR in the latest quarter, The investment management firm added 4,491 additional shares and now holds a total of 20,156 shares of Sabre Corp which is valued at $577,873. Sabre Corp makes up approx 0.01% of Diam Ltd.’s portfolio.
Sabre Corp opened for trading at $28.13 and hit $28.3 on the upside on Wednesday, eventually ending the session at $28.11, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 13,36,743 shares. Company has a market cap of $7,789 M.
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.