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

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Sabre Corporation by 9.8%, selling 536,328 shares and owning 4,930,966 shares valued at approximately $13.86 million.
• Several hedge funds, including Vanguard Group Inc. and Dimensional Fund Advisors LP, have increased their stakes in Sabre, indicating growing institutional interest.
• Recent analyst reports have mixed ratings on Sabre, with a consensus price target of $3.80 and ratings ranging from "buy" to "sell".

Charles Schwab Investment Management Inc. lessened its holdings in shares of Sabre Corporation (NASDAQ:SABR - Free Report) by 9.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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.

Other large investors also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sabre in the first quarter valued at approximately $28,000. Blueshift Asset Management LLC bought a new stake in Sabre during the first quarter worth approximately $31,000. Abacus Planning Group Inc. bought a new stake in Sabre during the first quarter worth approximately $38,000. Bank of Nova Scotia purchased a new stake in shares of Sabre in the 1st quarter valued at approximately $39,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Sabre in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 89.42% of the company's stock.

Sabre Stock Performance

NASDAQ SABR remained flat at $1.79 during trading on Friday. 3,660,262 shares of the company were exchanged, compared to its average volume of 12,461,584. The company has a market capitalization of $706.17 million, a price-to-earnings ratio of -1.97 and a beta of 1.47. Sabre Corporation has a 52-week low of $1.71 and a 52-week high of $4.63. The firm's fifty day moving average is $2.69 and its 200-day moving average is $2.83.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share for the quarter. The firm had revenue of $687.15 million for the quarter, compared to the consensus estimate of $718.16 million. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS. As a group, equities analysts anticipate that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Sabre 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.