Harbour Capital Advisors Lowers stake in Sabre Corp (SABR)

Sabre Corp (SABR) : Harbour Capital Advisors reduced its stake in Sabre Corp by 1.21% during the most recent quarter end. The investment management company now holds a total of 34,650 shares of Sabre Corp which is valued at $907,137 after selling 425 shares in Sabre Corp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Sabre Corp makes up approximately 0.50% of Harbour Capital Advisors’s portfolio.

Other Hedge Funds, Including , Highland Capital Management boosted its stake in SABR in the latest quarter, The investment management firm added 362 additional shares and now holds a total of 32,449 shares of Sabre Corp which is valued at $849,515. Sabre Corp makes up approx 0.07% of Highland Capital Management’s portfolio.British Columbia Investment Management Corp boosted its stake in SABR in the latest quarter, The investment management firm added 89,981 additional shares and now holds a total of 465,858 shares of Sabre Corp which is valued at $12,312,627. Sabre Corp makes up approx 0.13% of British Columbia Investment Management Corp’s portfolio.Eagle Asset Management Inc reduced its stake in SABR by selling 9,242 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 1,783,283 shares of SABR which is valued at $47,132,170. Sabre Corp makes up approx 0.32% of Eagle Asset Management Inc’s portfolio.First Mercantile Trust Co boosted its stake in SABR in the latest quarter, The investment management firm added 480 additional shares and now holds a total of 12,080 shares of Sabre Corp which is valued at $323,140. Sabre Corp makes up approx 0.04% of First Mercantile Trust Co’s portfolio.Harbour Capital Advisors reduced its stake in SABR by selling 425 shares or 1.21% in the most recent quarter. The Hedge Fund company now holds 34,650 shares of SABR which is valued at $948,024. Sabre Corp makes up approx 0.51% of Harbour Capital Advisors’s portfolio.

Sabre Corp closed down -0.63 points or -2.33% at $26.43 with 23,31,311 shares getting traded on Tuesday. Post opening the session at $26.96, the shares hit an intraday low of $26.32 and an intraday high of $26.96 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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