Investors Buy Large Volume of Sabre Put Options (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) was the target of unusually large options trading activity on Monday. Stock traders bought 10,375 put options on the stock. This represents an increase of 252% compared to the typical daily volume of 2,947 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SABR. Fifth Third Wealth Advisors LLC acquired a new stake in Sabre during the 2nd quarter worth approximately $26,000. First Trust Direct Indexing L.P. purchased a new position in Sabre in the 1st quarter worth approximately $28,000. Triangle Securities Wealth Management purchased a new position in Sabre in the 2nd quarter worth approximately $29,000. Wellington Wealth Strategies LLC. purchased a new position in Sabre in the 2nd quarter worth approximately $32,000. Finally, International Assets Investment Management LLC boosted 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 worth $33,000 after acquiring an additional 6,582 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Trading Up 1.3 %

Shares of SABR stock opened at $3.22 on Tuesday. The firm has a 50-day moving average price of $3.35 and a 200 day moving average price of $3.09. Sabre has a twelve month low of $1.81 and a twelve month high of $4.68. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -4.08 and a beta of 1.74.

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

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.