Brookside Capital Management buys $110,676,248 stake in Sabre Corp (SABR)

Sabre Corp (SABR) : Brookside Capital Management scooped up 471,068 additional shares in Sabre Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,054,075 shares of Sabre Corp which is valued at $110,676,248.Sabre Corp makes up approximately 4.20% of Brookside Capital Management’s portfolio.

Other Hedge Funds, Including , Hitchwood Capital Management Lp boosted its stake in SABR in the latest quarter, The investment management firm added 1,600,000 additional shares and now holds a total of 2,700,000 shares of Sabre Corp which is valued at $73,710,000. Sabre Corp makes up approx 2.28% of Hitchwood Capital Management Lp’s portfolio. Acrospire Investment Management sold out all of its stake in SABR during the most recent quarter. The investment firm sold 400 shares of SABR which is valued $10,652.Assetmark Inc boosted its stake in SABR in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 272 shares of Sabre Corp which is valued at $7,300.Advisors Asset Management boosted its stake in SABR in the latest quarter, The investment management firm added 1,055 additional shares and now holds a total of 35,489 shares of Sabre Corp which is valued at $952,525. Sabre Corp makes up approx 0.01% of Advisors Asset Management’s portfolio.Swiss National Bank boosted its stake in SABR in the latest quarter, The investment management firm added 42,400 additional shares and now holds a total of 579,200 shares of Sabre Corp which is valued at $15,441,472. Sabre Corp makes up approx 0.02% of Swiss National Bank’s portfolio.

Sabre Corp opened for trading at $28.19 and hit $28.46 on the upside on Thursday, eventually ending the session at $28.45, with a gain of 1.07% or 0.3 points. The heightened volatility saw the trading volume jump to 22,92,221 shares. Company has a market cap of $7,911 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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