Discerene Group LP Raises Position in Sabre Corporation $SABR

Discerene Group LP increased its position in Sabre Corporation (NASDAQ:SABR) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,093,531 shares of the information technology services provider’s stock after buying an additional 569,711 shares during the period. Sabre accounts for about 6.0% of Discerene Group LP’s investment portfolio, making the stock its 6th biggest position. Discerene Group LP owned about 9.89% of Sabre worth $56,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SABR. Par Capital Management Inc. increased its stake in Sabre by 57.7% in the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock worth $61,146,000 after acquiring an additional 7,082,948 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Sabre during the 4th quarter valued at approximately $7,377,000. Ampfield Management L.P. purchased a new position in shares of Sabre in the first quarter valued at $7,505,000. Stonehill Capital Management LLC purchased a new position in shares of Sabre in the fourth quarter valued at $6,660,000. Finally, Graham Capital Management L.P. bought a new stake in Sabre in the fourth quarter worth $6,054,000. 89.42% of the stock is owned by institutional investors.

Sabre Price Performance

Shares of NASDAQ SABR opened at $1.66 on Friday. Sabre Corporation has a 1-year low of $0.81 and a 1-year high of $3.19. The business’s 50 day moving average is $1.80 and its two-hundred day moving average is $1.58. The stock has a market capitalization of $656.22 million, a P/E ratio of 1.52 and a beta of 0.96.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $760.33 million during the quarter, compared to the consensus estimate of $739.02 million. As a group, equities research analysts anticipate that Sabre Corporation will post -0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $1.97.

Sabre Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.