Cannell Peter B Co Inc buys $55,993,256 stake in Sabre Corp (SABR)

Sabre Corp (SABR) : Cannell Peter B Co Inc scooped up 261,135 additional shares in Sabre Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 2,051,035 shares of Sabre Corp which is valued at $55,993,256.Sabre Corp makes up approximately 1.95% of Cannell Peter B Co Inc’s portfolio.

Other Hedge Funds, Including , King Luther Capital Management Corp boosted its stake in SABR in the latest quarter, The investment management firm added 79,488 additional shares and now holds a total of 4,269,870 shares of Sabre Corp which is valued at $116,567,451. Sabre Corp makes up approx 1.10% of King Luther Capital Management Corp’s portfolio.Blackrock Advisors reduced its stake in SABR by selling 26,811 shares or 2.86% in the most recent quarter. The Hedge Fund company now holds 910,875 shares of SABR which is valued at $24,866,888. Sabre Corp makes up approx 0.03% of Blackrock Advisors’s portfolio. Airain Ltd sold out all of its stake in SABR during the most recent quarter. The investment firm sold 51,604 shares of SABR which is valued $1,390,728.Capital One National Association reduced its stake in SABR by selling 115 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 15,703 shares of SABR which is valued at $460,726. Sabre Corp makes up approx 0.04% of Capital One National Association’s portfolio. Cutler Group Lp added SABR to its portfolio by purchasing 1,025 company shares during the most recent quarter which is valued at $29,469.

Sabre Corp opened for trading at $27.29 and hit $27.83 on the upside on Tuesday, eventually ending the session at $27.8, with a gain of 1.87% or 0.51 points. The heightened volatility saw the trading volume jump to 21,13,712 shares. Company has a market cap of $7,730 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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