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

Sabre Co. (NASDAQ:SABR) saw unusually large options trading on Thursday. Stock traders purchased 11,565 call options on the stock. This represents an increase of approximately 371% compared to the average daily volume of 2,456 call options.

Wall Street Analysts Forecast Growth

SABR has been the subject of several recent analyst reports. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Sanford C. Bernstein reissued an “underperform” rating and set a $3.00 price objective on shares of Sabre in a research report on Tuesday, November 19th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 price objective on shares of Sabre in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.25.

Sabre Stock Performance

NASDAQ SABR opened at $4.13 on Friday. Sabre has a twelve month low of $1.81 and a twelve month high of $4.63. The stock has a market capitalization of $1.59 billion, a PE ratio of -5.74, a P/E/G ratio of 2.43 and a beta of 1.79. The stock has a 50-day simple moving average of $3.56 and a 200 day simple moving average of $3.48.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to analysts’ expectations of $716.60 million. As a group, equities research analysts forecast that Sabre will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Sabre

Several large investors have recently added to or reduced their stakes in SABR. International Assets Investment Management LLC raised its holdings in Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 6,582 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of Sabre in the 3rd quarter worth approximately $46,000. Versor Investments LP acquired a new position in shares of Sabre in the 3rd quarter worth approximately $287,000. GSA Capital Partners LLP raised its holdings in shares of Sabre by 12.9% in the 3rd quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock worth $171,000 after buying an additional 5,323 shares in the last quarter. Finally, MQS Management LLC acquired a new position in shares of Sabre in the 3rd quarter worth approximately $108,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Company Profile

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.