Sabre Sees Unusually High Options Volume (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 10,982 call options on the company. This represents an increase of approximately 366% compared to the typical daily volume of 2,355 call options.

Sabre Stock Up 3.5 %

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 has a 50 day moving average price of $3.54 and a 200-day moving average price of $3.57. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -3.74, a P/E/G ratio of 2.43 and a beta of 1.62.

Sabre (NASDAQ:SABR) last released its quarterly earnings data 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 business had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. On average, equities research analysts anticipate that Sabre will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. 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 report on Tuesday, March 4th. Cantor Fitzgerald restated a “neutral” rating and set a $4.00 price target on shares of Sabre in a report on Friday, February 21st. 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 research report on Tuesday. Finally, StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

Institutional Trading of Sabre

A number of large investors have recently bought and sold shares of SABR. Sterling Capital Management LLC boosted its stake in Sabre by 744.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 8,454 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 6,298 shares during the period. Zacks Investment Management bought a new stake in Sabre during the 3rd quarter worth approximately $41,000. MML Investors Services LLC bought a new stake in Sabre during the 3rd quarter worth approximately $45,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Sabre in the 4th quarter worth approximately $45,000. 89.42% of the stock is owned by hedge funds and other 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.