Sabre Corporation (NASDAQ:SABR – Get Free Report) saw unusually large options trading on Wednesday. Stock traders acquired 20,018 put options on the company. This is an increase of approximately 1,938% compared to the average daily volume of 982 put options.
Institutional Investors Weigh In On Sabre
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of Sabre during the second quarter worth $69,000. Engineers Gate Manager LP purchased a new position in shares of Sabre in the second quarter worth about $31,000. Squarepoint Ops LLC purchased a new position in shares of Sabre in the second quarter worth about $492,000. Corient Private Wealth LP purchased a new position in shares of Sabre in the second quarter worth about $62,000. Finally, AXQ Capital LP acquired a new position in Sabre during the second quarter worth about $283,000. Institutional investors and hedge funds own 89.42% of the company’s stock.
Analyst Ratings Changes
SABR has been the topic of several research analyst reports. Citigroup reissued a “buy” rating on shares of Sabre in a report on Thursday, August 27th. Weiss Ratings cut shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sabre presently has an average rating of “Hold” and a consensus price target of $1.75.
Sabre Trading Down 0.5%
NASDAQ:SABR opened at $2.13 on Friday. The stock has a 50 day moving average of $2.00 and a two-hundred day moving average of $1.79. Sabre has a 12 month low of $0.81 and a 12 month high of $2.30. The firm has a market cap of $859.63 million, a P/E ratio of 1.29 and a beta of 1.00.
Sabre (NASDAQ:SABR – Get Free Report) last released its earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. On average, research analysts forecast that Sabre will post -0.21 earnings per share for the current year.
About Sabre
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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