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

Sabre Co. (NASDAQ:SABR) was the target of unusually large options trading on Monday. Stock investors acquired 15,645 put options on the stock. This is an increase of approximately 382% compared to the average volume of 3,249 put options.

Sabre Trading Up 15.5 %

NASDAQ:SABR opened at $2.53 on Tuesday. The firm has a market cap of $976.76 million, a P/E ratio of -3.51, a PEG ratio of 2.43 and a beta of 1.39. The stock’s 50 day simple moving average is $3.03 and its 200-day simple moving average is $3.40. Sabre has a 12-month low of $1.93 and a 12-month high of $4.63.

Sabre (NASDAQ:SABR) last released its earnings results 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 firm had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. Research analysts forecast that Sabre will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

SABR has been the topic of several research analyst reports. Morgan Stanley cut their target price on Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Bank of America raised Sabre from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price target on the stock in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.28.

Institutional Trading of Sabre

Institutional investors have recently modified their holdings of the business. U S Global Investors Inc. purchased a new stake in Sabre during the fourth quarter worth $20,509,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Sabre by 831.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock worth $21,388,000 after acquiring an additional 5,230,239 shares during the last quarter. Norges Bank acquired a new position in shares of Sabre in the fourth quarter worth $5,955,000. Cooper Creek Partners Management LLC increased its stake in Sabre by 139.7% in the fourth quarter. Cooper Creek Partners Management LLC now owns 2,638,059 shares of the information technology services provider’s stock valued at $9,629,000 after purchasing an additional 1,537,625 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Sabre by 375.5% during the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock worth $5,615,000 after buying an additional 1,208,269 shares during the period. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

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.