Traders Buy High Volume of Put Options on Sabre (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) was the recipient of some unusual options trading on Monday. Investors acquired 15,645 put options on the stock. This is an increase of 382% compared to the typical volume of 3,249 put options.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 target price on shares of Sabre in a research note on Friday, February 21st. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Morgan Stanley reduced their price objective on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and raised their target price for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. Finally, Sanford C. Bernstein raised shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price target for the company in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.28.

Sabre Trading Down 5.1 %

Shares of Sabre stock opened at $2.40 on Wednesday. Sabre has a 52 week low of $1.93 and a 52 week high of $4.63. The stock has a market cap of $926.57 million, a PE ratio of -3.33, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. The company’s 50-day moving average price is $3.00 and its two-hundred day moving average price is $3.39.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. On average, equities analysts predict that Sabre will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Sabre

A number of institutional investors and hedge funds have recently modified their holdings of SABR. Envestnet Asset Management Inc. lifted its holdings in shares of Sabre by 0.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,683,647 shares of the information technology services provider’s stock valued at $4,731,000 after purchasing an additional 9,880 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Sabre by 2.6% during the first quarter. Principal Financial Group Inc. now owns 1,922,397 shares of the information technology services provider’s stock valued at $5,402,000 after buying an additional 48,906 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Sabre during the first quarter valued at about $151,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Sabre by 6.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 453,288 shares of the information technology services provider’s stock worth $1,274,000 after buying an additional 27,225 shares during the period. Finally, Bouvel Investment Partners LLC increased its position in shares of Sabre by 2,384.3% in the first quarter. Bouvel Investment Partners LLC now owns 248,434 shares of the information technology services provider’s stock worth $698,000 after acquiring an additional 238,434 shares in the last quarter. 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.