Sabre Sees Unusually Large Options Volume (NASDAQ:SABR)

Sabre Corp (NASDAQ:SABR) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 41,346 call options on the company. This is an increase of approximately 992% compared to the average volume of 3,787 call options.

A number of brokerages have issued reports on SABR. Oppenheimer reissued a “hold” rating on shares of Sabre in a report on Wednesday, September 2nd. BidaskClub upgraded shares of Sabre from a “sell” rating to a “hold” rating in a research note on Friday, September 11th. Zacks Investment Research lowered shares of Sabre from a “hold” rating to a “strong sell” rating and set a $9.00 price target on the stock. in a research note on Thursday, July 16th. Finally, ValuEngine upgraded shares of Sabre from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.33.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ETF Managers Group LLC purchased a new stake in shares of Sabre during the first quarter valued at $27,000. Acadian Asset Management LLC purchased a new stake in shares of Sabre during the first quarter valued at $30,000. US Bancorp DE lifted its holdings in shares of Sabre by 137.3% during the first quarter. US Bancorp DE now owns 5,325 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 3,081 shares during the last quarter. First Bank & Trust purchased a new stake in shares of Sabre during the second quarter valued at $36,000. Finally, Advisor Group Holdings Inc. purchased a new stake in shares of Sabre during the first quarter valued at $38,000. Institutional investors and hedge funds own 95.06% of the company’s stock.

Shares of NASDAQ:SABR opened at $5.67 on Friday. The firm’s 50 day moving average is $7.33 and its two-hundred day moving average is $7.22. Sabre has a 52 week low of $3.30 and a 52 week high of $23.86. The firm has a market capitalization of $1.56 billion, a P/E ratio of -2.67 and a beta of 1.67. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 14.14.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Friday, August 7th. The information technology services provider reported ($1.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.84) by ($0.46). Sabre had a negative net margin of 21.85% and a negative return on equity of 51.05%. The company had revenue of $83.00 million for the quarter, compared to analyst estimates of $162.78 million. During the same quarter in the prior year, the business earned $0.24 EPS. Sabre’s revenue was down 91.7% compared to the same quarter last year. Analysts predict that Sabre will post -2.87 EPS for the current year.

Sabre Company Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network segment operates as 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.

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