Sabre Sees Unusually High Options Volume (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) saw unusually large options trading on Monday. Stock traders acquired 10,375 put options on the company. This is an increase of approximately 252% compared to the average volume of 2,947 put options.

Sabre Stock Up 3.1 %

NASDAQ:SABR opened at $3.32 on Wednesday. Sabre has a 52 week low of $1.81 and a 52 week high of $4.68. The stock’s fifty day moving average is $3.36 and its two-hundred day moving average is $3.10. The company has a market capitalization of $1.28 billion, a P/E ratio of -4.20 and a beta of 1.74.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) EPS. Sell-side analysts anticipate that Sabre will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Sabre by 1.6% during the first quarter. Vanguard Group Inc. now owns 42,322,231 shares of the information technology services provider’s stock worth $102,420,000 after purchasing an additional 678,588 shares in the last quarter. Earnest Partners LLC grew its position in Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after acquiring an additional 12,838,230 shares in the last quarter. Discerene Group LP increased its stake in Sabre by 19.0% during the first quarter. Discerene Group LP now owns 19,231,613 shares of the information technology services provider’s stock worth $46,541,000 after purchasing an additional 3,064,588 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Sabre by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock worth $8,876,000 after purchasing an additional 150,989 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Sabre by 9.7% in the third quarter. Creative Planning now owns 2,986,347 shares of the information technology services provider’s stock valued at $10,960,000 after purchasing an additional 264,026 shares during the period. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.