Simcoe Capital Management buys $15,677,844 stake in Sabre Corp (SABR)

Sabre Corp (SABR) : Simcoe Capital Management scooped up 139,435 additional shares in Sabre Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 574,280 shares of Sabre Corp which is valued at $15,677,844.Sabre Corp makes up approximately 8.55% of Simcoe Capital Management’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in SABR in the latest quarter, The investment management firm added 1,800,389 additional shares and now holds a total of 3,142,323 shares of Sabre Corp which is valued at $85,785,418. Sabre Corp makes up approx 0.12% of Allianz Asset Management Ag’s portfolio.Dimensional Fund Advisors Lp boosted its stake in SABR in the latest quarter, The investment management firm added 106,635 additional shares and now holds a total of 596,114 shares of Sabre Corp which is valued at $15,874,516. Sabre Corp makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.De Burlo Group Inc reduced its stake in SABR by selling 78,000 shares or 53.98% in the most recent quarter. The Hedge Fund company now holds 66,500 shares of SABR which is valued at $1,792,175. Sabre Corp makes up approx 0.42% of De Burlo Group Inc’s portfolio.Achievement Holdings reduced its stake in SABR by selling 22,600 shares or 55.94% in the most recent quarter. The Hedge Fund company now holds 17,800 shares of SABR which is valued at $519,760. Sabre Corp makes up approx 0.07% of Achievement Holdings’s portfolio.Shinko Asset Management Ltd. boosted its stake in SABR in the latest quarter, The investment management firm added 42,815 additional shares and now holds a total of 43,313 shares of Sabre Corp which is valued at $1,264,740. Sabre Corp makes up approx 0.01% of Shinko Asset Management Ltd.’s portfolio.

Sabre Corp closed down -0.02 points or -0.07% at $28 with 17,10,487 shares getting traded on Monday. Post opening the session at $28, the shares hit an intraday low of $27.98 and an intraday high of $28.16 and the price fluctuated in this range throughout the day.Shares ended Monday 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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