Zuckerman Investment Group Lowers stake in Sabre Corp (SABR)

Sabre Corp (SABR) : Zuckerman Investment Group reduced its stake in Sabre Corp by 0.83% during the most recent quarter end. The investment management company now holds a total of 478,672 shares of Sabre Corp which is valued at $13,067,746 after selling 3,983 shares in Sabre Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Sabre Corp makes up approximately 3.30% of Zuckerman Investment Group’s portfolio.

Other Hedge Funds, Including , Adams Street Partners sold out all of its stake in SABR during the most recent quarter. The investment firm sold 1,524,127 shares of SABR which is valued $41,608,667.Bradley Foster Sargent Incct reduced its stake in SABR by selling 314,720 shares or 97.66% in the most recent quarter. The Hedge Fund company now holds 7,525 shares of SABR which is valued at $200,391. Sabre Corp makes up approx 0.01% of Bradley Foster Sargent Incct’s portfolio.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.Spot Trading L.l.c reduced its stake in SABR by selling 4,328 shares or 86.08% in the most recent quarter. The Hedge Fund company now holds 700 shares of SABR which is valued at $18,662.

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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