Investors Buy High Volume of Sabre Call Options (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) was the target of unusually large options trading on Thursday. Stock investors purchased 11,565 call options on the company. This is an increase of approximately 371% compared to the typical daily volume of 2,456 call options.

Analyst Ratings Changes

SABR has been the topic of several recent analyst reports. StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 target price on shares of Sabre in a research report on Friday, February 21st. Finally, Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Sabre currently has an average rating of “Hold” and an average target price of $3.25.

Institutional Trading of Sabre

Several institutional investors and hedge funds have recently modified their holdings of SABR. International Assets Investment Management LLC grew its stake in Sabre by 267.0% during the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 6,582 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Sabre during the 3rd quarter worth approximately $46,000. Versor Investments LP acquired a new position in shares of Sabre in the 3rd quarter valued at $287,000. GSA Capital Partners LLP grew its holdings in shares of Sabre by 12.9% during 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. Finally, MQS Management LLC purchased a new stake in shares of Sabre during the third quarter worth $108,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Price Performance

Sabre stock traded up $0.03 during midday trading on Thursday, reaching $4.19. 2,213,352 shares of the company traded hands, compared to its average volume of 3,820,977. Sabre has a 12 month low of $1.81 and a 12 month high of $4.63. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -5.81, a price-to-earnings-growth ratio of 2.43 and a beta of 1.79. The business has a 50 day moving average of $3.56 and a two-hundred day moving average of $3.48.

Sabre (NASDAQ:SABR) last announced 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 firm had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. As a group, equities analysts forecast that Sabre will post 0.04 EPS for the current 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.