Is Sabre Corp (SABR) Going to Burn These Hedge Funds?

Since Sabre Corp (NASDAQ:SABR) has witnessed a declining sentiment from the aggregate hedge fund industry, we can see that there lies a certain “tier” of hedgies who sold off their positions entirely in the third quarter. At the top of the heap, Daniel Lewis’ Orange Capital said goodbye to the biggest investment of the “upper crust” of funds followed by Insider Monkey, totaling an estimated $72.9 million in stock, and Brian Jackelow’s SAB Capital Management was right behind this move, as the fund dropped about $47.6 million worth of shares. These transactions are intriguing to say the least, as aggregate hedge fund interest was cut by 1 fund in the third quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Sabre Corp (NASDAQ:SABR). We will take a look at News Corp (NASDAQ:NWS), Leucadia National Corp. (NYSE:LUK), Barrick Gold Corporation (USA) (NYSE:ABX), and HCC Insurance Holdings, Inc. (NYSE:HCC). This group of stocks’ market values resembles Sabre Corp (NASDAQ:SABR)’s market value.

As you can see, these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $705 million. That figure was $849 million in Sabre Corp (NASDAQ:SABR)’s case. Barrick Gold Corporation (USA) (NYSE:ABX) is the most popular stock in this table. On the other hand, News Corp (NASDAQ:NWS) is the least popular one with only 15 bullish hedge fund positions. Sabre Corp (NASDAQ:SABR) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Barrick Gold Corporation (USA) (NYSE:ABX) might be a better candidate to consider a long position.