Traders Purchase Large Volume of Sabre Call Options (NASDAQ:SABR)

Sabre Corporation (NASDAQ:SABR) saw some unusual options trading on Tuesday. Stock traders acquired 8,118 call options on the stock. This is an increase of approximately 127% compared to the typical daily volume of 3,572 call options.

Analyst Ratings Changes

Several research firms recently commented on SABR. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Wall Street Zen downgraded shares of Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research note on Monday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.80.

Sabre Stock Performance

Shares of NASDAQ SABR opened at $1.53 on Thursday. The business’s 50-day simple moving average is $1.76 and its 200-day simple moving average is $2.20. Sabre has a 52 week low of $1.46 and a 52 week high of $4.63. The firm has a market cap of $604.18 million, a price-to-earnings ratio of 1.24 and a beta of 1.07.

Sabre (NASDAQ:SABR) last posted its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $715.18 million during the quarter, compared to analysts’ expectations of $715.32 million. During the same period in the prior year, the business posted ($0.04) EPS. The business’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Sabre will post 0.04 earnings per share for the current year.

Institutional Trading of Sabre

Several large investors have recently modified their holdings of SABR. Hsbc Holdings PLC grew its stake in Sabre by 6.3% in the 1st quarter. Hsbc Holdings PLC now owns 61,063 shares of the information technology services provider’s stock valued at $172,000 after buying an additional 3,637 shares during the last quarter. Bank of Montreal Can boosted its holdings in Sabre by 7.7% during the second quarter. Bank of Montreal Can now owns 59,124 shares of the information technology services provider’s stock valued at $187,000 after acquiring an additional 4,208 shares during the period. Cerity Partners LLC grew its position in shares of Sabre by 22.6% in the second quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock valued at $96,000 after purchasing an additional 5,617 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Sabre by 7.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,566 shares of the information technology services provider’s stock worth $315,000 after purchasing an additional 7,228 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of Sabre by 17.8% in the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock worth $173,000 after purchasing an additional 8,262 shares during the period. 89.42% of the stock is owned by institutional investors.

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.