Stock Traders Buy Large Volume of Call Options on Sabre (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) was the target of some unusual options trading activity on Thursday. Stock investors acquired 11,565 call options on the stock. This represents an increase of 371% compared to the average volume of 2,456 call options.

Sabre Price Performance

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

Sabre (NASDAQ:SABR) last issued its earnings results 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 the consensus estimate of $716.60 million. As a group, research analysts forecast that Sabre will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on SABR. Cantor Fitzgerald restated a “neutral” rating and issued a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 price target on shares of Sabre in a research note on Tuesday, November 19th. Finally, StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. One equities 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.25.

Institutional Investors Weigh In On Sabre

Large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Sabre by 24.5% during the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 3,116 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Sabre by 8.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider’s stock worth $146,000 after purchasing an additional 3,142 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Sabre by 5.9% during the 4th quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider’s stock worth $209,000 after purchasing an additional 3,195 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Sabre by 12.9% during the 3rd quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock worth $171,000 after purchasing an additional 5,323 shares during the last quarter. Finally, Xponance Inc. increased its position in shares of Sabre by 22.1% during the 4th quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock worth $109,000 after purchasing an additional 5,395 shares during the last quarter. Institutional investors 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.