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

Sabre Corporation (NASDAQ:SABR) was the recipient of some unusual options trading on Wednesday. Traders acquired 12,744 call options on the company. This represents an increase of 420% compared to the average volume of 2,452 call options.

Institutional Trading of Sabre

Institutional investors and hedge funds have recently made changes to their positions in the stock. DGS Capital Management LLC purchased a new stake in shares of Sabre in the first quarter valued at $25,000. Wealthspire Retirement LLC acquired a new position in Sabre in the first quarter valued at $25,000. GSA Capital Partners LLP acquired a new position in Sabre in the third quarter valued at $32,000. Diligent Investors LLC acquired a new position in Sabre in the third quarter valued at $35,000. Finally, Oak Thistle LLC acquired a new position in Sabre in the fourth quarter valued at $27,000. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $1.50 target price on shares of Sabre in a research report on Tuesday, March 3rd. Weiss Ratings upgraded Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Zacks Research upgraded Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $2.00 target price on shares of Sabre in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Sabre presently has an average rating of “Reduce” and a consensus price target of $1.97.

Sabre Trading Up 4.2%

Shares of NASDAQ:SABR traded up $0.07 on Wednesday, hitting $1.62. The company had a trading volume of 2,487,268 shares, compared to its average volume of 8,680,361. Sabre has a 52-week low of $0.81 and a 52-week high of $3.52. The business has a 50 day moving average of $1.65 and a 200 day moving average of $1.51. The company has a market cap of $638.43 million, a PE ratio of 1.48 and a beta of 1.01.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $760.33 million during the quarter, compared to analysts’ expectations of $739.02 million. As a group, equities analysts predict that Sabre will post -0.15 EPS for the current year.

Sabre Company Profile

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.