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

Sabre Co. (NASDAQ:SABR) saw unusually large options trading activity on Tuesday. Traders acquired 10,982 call options on the company. This represents an increase of 366% compared to the average daily volume of 2,355 call options.

Sabre Stock Performance

Shares of Sabre stock traded down $0.25 during trading on Tuesday, hitting $2.57. The company’s stock had a trading volume of 5,178,161 shares, compared to its average volume of 4,511,092. Sabre has a 52 week low of $2.29 and a 52 week high of $4.63. The company has a fifty day simple moving average of $3.57 and a two-hundred day simple moving average of $3.58. The company has a market capitalization of $990.27 million, a PE ratio of -3.56, a P/E/G ratio of 2.43 and a beta of 1.62.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. As a group, analysts predict that Sabre will post 0.04 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SABR. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Sanford C. Bernstein raised shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price on the stock in a research note on Tuesday. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $4.00 price target on shares of Sabre in a research note on Friday, February 21st.

Hedge Funds Weigh In On Sabre

A number of hedge funds have recently bought and sold shares of SABR. State Street Corp increased its stake in Sabre by 1.0% during the 3rd quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider’s stock valued at $51,446,000 after purchasing an additional 140,218 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Sabre by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock valued at $33,335,000 after acquiring an additional 145,383 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Sabre by 831.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock valued at $21,388,000 after acquiring an additional 5,230,239 shares in the last quarter. U S Global Investors Inc. purchased a new position in Sabre in the 4th quarter worth approximately $20,509,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Sabre by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock valued at $20,020,000 after acquiring an additional 39,509 shares in the last quarter. Institutional investors 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.