Charles Schwab Investment Management Inc. Buys 12,380 Shares of Sabre Co. (NASDAQ:SABR)

Charles Schwab Investment Management Inc. boosted its position in Sabre Co. (NASDAQ:SABR) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,467,294 shares of the information technology services provider’s stock after buying an additional 12,380 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Sabre were worth $19,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in Sabre by 24.5% in the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock worth $58,000 after buying an additional 3,116 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Sabre by 12.9% in the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock worth $171,000 after buying an additional 5,323 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock worth $36,000 after buying an additional 6,298 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Sabre by 9.6% in the fourth quarter. Jones Financial Companies Lllp now owns 78,431 shares of the information technology services provider’s stock worth $286,000 after buying an additional 6,852 shares in the last quarter. Finally, KBC Group NV boosted its stake in Sabre by 92.3% in the fourth quarter. KBC Group NV now owns 20,280 shares of the information technology services provider’s stock worth $74,000 after buying an additional 9,734 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Analysts Set New Price Targets

SABR has been the subject of several research reports. Bank of America raised Sabre from a “neutral” rating to a “buy” rating and upped their target price for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st. Finally, StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.

Sabre Stock Performance

NASDAQ:SABR opened at $3.56 on Thursday. The firm has a market cap of $1.37 billion, a PE ratio of -4.94, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62. Sabre Co. has a fifty-two week low of $1.99 and a fifty-two week high of $4.63. The business has a 50 day moving average price of $3.58 and a 200-day moving average price of $3.56.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million during the quarter, compared to analysts’ expectations of $716.60 million. Research analysts predict that Sabre Co. will post 0.04 EPS for the current year.

About Sabre

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.