Sabre Corp (SABR) : Findlay Park Partners Llp reduced its stake in Sabre Corp by 14.35% during the most recent quarter end. The investment management company now holds a total of 5,591,399 shares of Sabre Corp which is valued at $152,645,193 after selling 936,723 shares in Sabre Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Sabre Corp makes up approximately 1.68% of Findlay Park Partners Llp’s portfolio.
Other Hedge Funds, Including , 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.Three Peaks Capital Management boosted its stake in SABR in the latest quarter, The investment management firm added 117,607 additional shares and now holds a total of 225,995 shares of Sabre Corp which is valued at $6,090,565. Sabre Corp makes up approx 1.02% of Three Peaks Capital Management’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in SABR by selling 2,737 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 45,010 shares of SABR which is valued at $1,199,967. Sabre Corp makes up approx 0.02% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Fny Managed Accounts added SABR to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $292,000. Sabre Corp makes up approx 0.29% of Fny Managed Accounts’s portfolio.
Sabre Corp closed down -0.1 points or -0.37% at $26.99 with 18,92,358 shares getting traded on Friday. Post opening the session at $27, the shares hit an intraday low of $26.79 and an intraday high of $27.13 and the price fluctuated in this range throughout the day.Shares ended Friday 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.