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

Sabre Corporation (NASDAQ:SABR – Get Free Report) was the recipient of unusually large options trading on Wednesday. Traders acquired 12,744 call options on the stock. This represents an increase of approximately 420% compared to the typical volume of 2,452 call options.

Sabre Stock Up 4.2%

SABR traded up $0.07 during trading on Wednesday, hitting $1.62. 2,487,268 shares of the stock were exchanged, compared to its average volume of 8,680,361. The firm has a market capitalization of $638.43 million, a P/E ratio of 1.48 and a beta of 1.01. Sabre has a 1-year low of $0.81 and a 1-year high of $3.52. The stock has a fifty day moving average price of $1.65 and a two-hundred day moving average price of $1.51.

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Sabre (NASDAQ:SABR – Get Free Report) last released its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $760.33 million during the quarter, compared to analyst estimates of $739.02 million. Analysts predict that Sabre will post -0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and set a $2.00 target price on shares of Sabre in a research note on Thursday, February 19th. Weiss Ratings raised Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $1.50 price target on shares of Sabre in a research report on Tuesday, March 3rd. Finally, Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $1.97.

Get Our Latest Stock Report on Sabre

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. DGS Capital Management LLC purchased a new stake in shares of Sabre in the first quarter valued at approximately $25,000. Wealthspire Retirement LLC purchased a new stake in shares of Sabre in the first quarter valued at approximately $25,000. GSA Capital Partners LLP purchased a new stake in shares of Sabre in the third quarter valued at approximately $32,000. Diligent Investors LLC purchased a new stake in shares of Sabre in the third quarter valued at approximately $35,000. Finally, Oak Thistle LLC purchased a new stake in shares of Sabre in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

About Sabre

(Get Free Report)

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.

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