Charles Schwab Investment Management Inc. Sells 536,328 Shares of Sabre Corporation $SABR

Charles Schwab Investment Management Inc. lessened its stake in shares of Sabre Corporation (NASDAQ:SABR) by 9.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,930,966 shares of the information technology services provider’s stock after selling 536,328 shares during the period. Charles Schwab Investment Management Inc. owned 1.28% of Sabre worth $13,856,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Sabre by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 41,795,327 shares of the information technology services provider’s stock worth $117,445,000 after acquiring an additional 936,578 shares during the period. Northern Trust Corp increased its position in shares of Sabre by 7.8% in the fourth quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider’s stock worth $16,751,000 after purchasing an additional 333,690 shares during the period. Two Sigma Advisers LP increased its position in shares of Sabre by 25.5% in the fourth quarter. Two Sigma Advisers LP now owns 3,721,500 shares of the information technology services provider’s stock worth $13,583,000 after purchasing an additional 755,600 shares during the period. Dimensional Fund Advisors LP increased its holdings in Sabre by 38.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider’s stock valued at $13,198,000 after buying an additional 1,007,871 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Sabre by 35.4% in the 4th quarter. Two Sigma Investments LP now owns 3,532,153 shares of the information technology services provider’s stock valued at $12,892,000 after buying an additional 922,693 shares during the period. Institutional investors own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SABR shares. Rothschild & Co Redburn cut shares of Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective on the stock. in a research note on Friday, August 15th. Sanford C. Bernstein raised shares of Sabre from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $4.00 to $3.00 in a research note on Monday, August 11th. Redburn Atlantic lowered Sabre from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Morgan Stanley reiterated a “reduce” rating on shares of Sabre in a research note on Sunday, August 10th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.80.

Sabre Stock Performance

NASDAQ SABR opened at $1.79 on Friday. The firm’s fifty day moving average price is $2.78 and its two-hundred day moving average price is $2.89. The stock has a market cap of $706.17 million, a PE ratio of -1.97 and a beta of 1.47. Sabre Corporation has a fifty-two week low of $1.73 and a fifty-two week high of $4.63.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share for the quarter. The company had revenue of $687.15 million during the quarter, compared to analyst estimates of $718.16 million. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) EPS. As a group, sell-side analysts predict that Sabre Corporation will post 0.04 earnings per share for the current fiscal year.

Sabre Company Profile

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.