Hedge Funds Are Selling Sabre Corp (SABR)

Since Sabre Corp (NASDAQ:SABR) has experienced declining sentiment from the smart money, we can see that there were a few fund managers that decided to sell off their full holdings in the third quarter. Interestingly, Matt Sirovich and Jeremy Mindich’s Scopia Capital sold off the biggest investment of the “upper crust” of funds tracked by Insider Monkey, totaling close to $183.7 million in stock. D. E. Shaw’s fund, D E Shaw, also dropped its stock, about $43.6 million worth. These moves are interesting, as aggregate hedge fund interest was cut by 7 funds in the third quarter.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Sabre Corp (NASDAQ:SABR) but similarly valued. We will take a look at Foot Locker, Inc. (NYSE:FL), InterContinental Hotels Group PLC (ADR) (NYSE:IHG), W.R. Berkley Corporation (NYSE:WRB), and Ryanair Holdings plc (ADR) (NASDAQ:RYAAY). This group of stocks’ market valuations resemble SABR’s market valuation.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $514 million. That figure was $1.95 billion in SABR’s case. Foot Locker, Inc. (NYSE:FL) is the most popular stock in this table. On the other hand InterContinental Hotels Group PLC (ADR) (NYSE:IHG) is the least popular one with only 6 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 FL might be a better candidate to consider a long position.

Disclosure: None