Maverick Capital Ltd buys $412,508,897 stake in Sabre Corp (SABR)

Sabre Corp (SABR) : Maverick Capital Ltd scooped up 2,053,490 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 15,110,216 shares of Sabre Corp which is valued at $412,508,897.Sabre Corp makes up approximately 6.06% of Maverick Capital Ltd’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in SABR in the latest quarter, The investment management firm added 769,454 additional shares and now holds a total of 2,801,173 shares of Sabre Corp which is valued at $76,472,023. Sabre Corp makes up approx 0.16% of D. E. Shaw’s portfolio.Simcoe Capital Management boosted its stake in SABR in the latest quarter, The investment management firm added 139,435 additional shares and now holds a total of 574,280 shares of Sabre Corp which is valued at $15,677,844. Sabre Corp makes up approx 8.55% of Simcoe Capital Management’s portfolio.Blackrock Investment Management boosted its stake in SABR in the latest quarter, The investment management firm added 40,592 additional shares and now holds a total of 117,716 shares of Sabre Corp which is valued at $3,213,647. Blair William Coil added SABR to its portfolio by purchasing 10,105 company shares during the most recent quarter which is valued at $271,218.Mu Investments Ltd. reduced its stake in SABR by selling 2,900 shares or 42.03% in the most recent quarter. The Hedge Fund company now holds 4,000 shares of SABR which is valued at $116,800. Sabre Corp makes up approx 0.08% of Mu Investments Ltd.’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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