Sabre Sees Unusually High Options Volume (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) was the recipient of unusually large options trading on Thursday. Traders acquired 50,454 call options on the company. This represents an increase of approximately 2,097% compared to the average volume of 2,297 call options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th.

Sabre Trading Up 0.6 %

Shares of Sabre stock opened at $3.26 on Friday. Sabre has a 1 year low of $1.81 and a 1 year high of $4.75. The firm’s 50-day moving average is $3.10 and its 200 day moving average is $2.82.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm had revenue of $767.20 million during the quarter, compared to the consensus estimate of $752.54 million. During the same quarter in the prior year, the company posted ($0.20) EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts expect that Sabre will post -0.29 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Roshan Mendis bought 19,230 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $3.08 per share, for a total transaction of $59,228.40. Following the purchase, the executive vice president now directly owns 776,966 shares in the company, valued at approximately $2,393,055.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.32% of the company’s stock.

Institutional Trading of Sabre

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Wealth Strategies LLC. bought a new stake in Sabre in the 2nd quarter worth about $32,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Sabre by 82.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,251 shares of the information technology services provider’s stock valued at $62,000 after acquiring an additional 10,520 shares during the last quarter. Creative Planning grew its stake in shares of Sabre by 4.7% in the second quarter. Creative Planning now owns 2,722,321 shares of the information technology services provider’s stock worth $7,269,000 after acquiring an additional 121,719 shares during the period. Full Sail Capital LLC purchased a new position in shares of Sabre during the second quarter valued at approximately $46,000. Finally, Susquehanna Fundamental Investments LLC lifted its position in Sabre by 30.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 184,084 shares of the information technology services provider’s stock valued at $492,000 after purchasing an additional 42,739 shares during the period. Institutional investors own 89.42% of the company’s stock.

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.