Tpg-axon Management Lp adds Sabre Corp (SABR) to its portfolio

Sabre Corp (SABR) : Tpg-axon Management Lp added new position in Sabre Corp during the most recent quarter end. The investment management firm now holds 632,741 shares of Sabre Corp which is valued at $15,622,375 , the company said in a statement filed on Nov 14, 2016 with the SEC.Sabre Corp makes up approximately 4.06% of Tpg-axon Management Lp’s portfolio.

Other Hedge Funds, Including , Ems Capital Lp sold out all of its stake in SABR during the most recent quarter. The investment firm sold 240,000 shares of SABR which is valued $5,925,600.Korea Investment Corp reduced its stake in SABR by selling 607,038 shares or 88.3% in the most recent quarter. The Hedge Fund company now holds 80,462 shares of SABR which is valued at $1,955,227. Sabre Corp makes up approx 0.01% of Korea Investment Corp’s portfolio.Td Asset Management Inc reduced its stake in SABR by selling 209,938 shares or 49.87% in the most recent quarter. The Hedge Fund company now holds 211,042 shares of SABR which is valued at $5,081,891. Sabre Corp makes up approx 0.01% of Td Asset Management Inc’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in SABR by selling 121,686 shares or 35.95% in the most recent quarter. The Hedge Fund company now holds 216,794 shares of SABR which is valued at $5,719,026. Sabre Corp makes up approx 0.13% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.

Sabre Corp opened for trading at $25.11 and hit $25.91 on the upside on Monday, eventually ending the session at $25.7, with a gain of 0.35% or 0.09 points. The heightened volatility saw the trading volume jump to 26,80,035 shares. Company has a market cap of $7,202 M.

On the company’s financial health, Sabre Corp reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $0.33. The company had revenue of $838.98 million for the quarter, compared to analysts expectations of $854.09 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on Sabre Corp. Shares were Reiterated by Mizuho on Nov 3, 2016 to “Buy” and Lowered the Price Target to $ 30 from a previous price target of $32 .

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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