Sabre Target of Unusually Large Options Trading (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) was the target of some unusual options trading activity on Tuesday. Investors acquired 10,982 call options on the company. This is an increase of approximately 366% compared to the average daily volume of 2,355 call options.

Sabre Stock Up 3.5 %

Shares of NASDAQ SABR opened at $2.69 on Thursday. Sabre has a 52 week low of $2.44 and a 52 week high of $4.63. The business’s 50 day moving average price is $3.54 and its 200 day moving average price is $3.57. The firm has a market cap of $1.04 billion, a P/E ratio of -3.74, a P/E/G ratio of 2.43 and a beta of 1.62.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to the consensus estimate of $716.60 million. As a group, research analysts expect that Sabre will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

SABR has been the subject of a number of research reports. Bank of America upgraded shares of Sabre from a “neutral” rating to a “buy” rating and boosted their target price for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 price objective on shares of Sabre in a research report on Friday, February 21st. Finally, Sanford C. Bernstein upgraded shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price on the stock in a report on Tuesday.

Institutional Trading of Sabre

Several institutional investors have recently added to or reduced their stakes in SABR. JPMorgan Chase & Co. grew its position in shares of Sabre by 375.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock valued at $5,615,000 after buying an additional 1,208,269 shares during the last quarter. Virtu Financial LLC purchased a new stake in Sabre during the fourth quarter worth about $123,000. Geode Capital Management LLC lifted its position in shares of Sabre by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock valued at $33,335,000 after acquiring an additional 145,383 shares during the period. Barclays PLC boosted its position in Sabre by 51.6% during the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after purchasing an additional 267,778 shares in the last quarter. Finally, MML Investors Services LLC acquired a new position in Sabre during the third quarter worth about $45,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

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.