Arini Capital Management Ltd Invests $81.72 Million in Sabre Corporation $SABR

Arini Capital Management Ltd acquired a new stake in Sabre Corporation (NASDAQ:SABR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 39,100,000 shares of the information technology services provider's stock, valued at approximately $81,719,000. Sabre comprises 8.4% of Arini Capital Management Ltd's investment portfolio, making the stock its 3rd largest holding. Arini Capital Management Ltd owned 9.69% of Sabre at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mizuho Markets Americas LLC bought a new stake in shares of Sabre in the 4th quarter worth $2,720,000. Graham Capital Management L.P. purchased a new position in Sabre during the fourth quarter worth about $6,054,000. Oppenheimer Asset Management Inc. purchased a new position in Sabre during the second quarter worth about $815,000. Ampfield Management L.P. bought a new stake in Sabre in the 1st quarter worth about $7,505,000. Finally, Discerene Group LP increased its stake in Sabre by 1.5% in the 1st quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider's stock valued at $56,686,000 after buying an additional 569,711 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $1.75.

Sabre Price Performance

NASDAQ:SABR opened at $2.18 on Thursday. The company has a market cap of $879.80 million, a P/E ratio of 1.32 and a beta of 0.97. The stock's fifty day moving average price is $1.96 and its two-hundred day moving average price is $1.70. Sabre Corporation has a 1 year low of $0.81 and a 1 year high of $2.30.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.13). The company had revenue of $711.96 million during the quarter, compared to the consensus estimate of $697.40 million. On average, analysts expect that Sabre Corporation will post -0.16 earnings per share for the current fiscal year.

Sabre Company 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.

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