Sabre Corp (SABR) : Two Sigma Securities added new position in Sabre Corp during the Fourth Quarter. The investment management firm now holds 8,346 shares of Sabre Corp which is valued at $227,846 according to most recent disclosure to SEC.Sabre Corp makes up approximately 0.27% of Two Sigma Securities’s portfolio.
Other Hedge Funds, Including , Point72 Asset Management sold out all of its stake in SABR during the fourth quarter. The investment firm sold 79,900 shares of SABR which is valued $2.2 Million. Price Capital Management sold out all of its stake in SABR during the fourth quarter. The investment firm sold 29,739 shares of SABR which is valued $811,875. Trexquant Investment Lp added SABR to its portfolio by purchasing 16,786 company shares during the Fourth Quarter which is valued at $458,258. Sabre Corp makes up approx 0.04% of Trexquant Investment Lp’s portfolio.Calamos Advisors reduced its stake in SABR by selling 228,288 shares or 12.31% during the fourth quarter. The Hedge Fund company now holds 1,625,862 shares of SABR which is valued at $44.4 Million. Sabre Corp makes up approx 0.40% of Calamos Advisors’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in SABR during the Q4 period, The investment management firm added 31 additional shares and now holds a total of 3,653 shares of Sabre Corp which is valued at $101,517.
On the company’s financial health, Sabre Corp reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.26. The company had revenue of $758.50 million for the quarter, compared to analysts expectations of $763.54 million. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Sabre Corp. Pacific Crest Initiated Sabre Corp on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $35.Company shares were Reiterated by Mizuho on Feb 29, 2016 to “Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .Shares were Reiterated by Oppenheimer on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 32 from a previous price target of $34 .
Sabre Corp opened for trading at $28.94 and hit $29.39 on the upside on Thursday, eventually ending the session at $29.22, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 37,93,373 shares. Company has a market cap of $8,042 M.
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.