Yg Partners buys $17.1 Million stake in Sabre Corp (SABR)

Sabre Corp (SABR) : Yg Partners scooped up 170,000 additional shares in Sabre Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 590,000 shares of Sabre Corp which is valued at $17.1 Million.Sabre Corp makes up approximately 10.88% of Yg Partners’s portfolio.

Other Hedge Funds, Including , Peak6 Investments sold out all of its stake in SABR during the most recent quarter. The investment firm sold 10,604 shares of SABR which is valued $307,622.Picton Mahoney Asset Management reduced its stake in SABR by selling 317,171 shares or 27.47% in the most recent quarter. The Hedge Fund company now holds 837,458 shares of SABR which is valued at $24.3 Million. Sabre Corp makes up approx 1.66% of Picton Mahoney Asset Management’s portfolio.Neuberger Berman Group boosted its stake in SABR in the latest quarter, The investment management firm added 121,593 additional shares and now holds a total of 488,091 shares of Sabre Corp which is valued at $14 Million. Sabre Corp makes up approx 0.02% of Neuberger Berman Group’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.Swiss National Bank boosted its stake in SABR in the latest quarter, The investment management firm added 213,500 additional shares and now holds a total of 536,800 shares of Sabre Corp which is valued at $15.4 Million. Sabre Corp makes up approx 0.03% of Swiss National Bank’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.

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