Stock Traders Buy High Volume of Call Options on Sabre (NASDAQ:SABR)

Sabre Corporation (NASDAQ:SABR) was the target of unusually large options trading activity on Friday. Traders acquired 45,478 call options on the stock. This is an increase of approximately 1,247% compared to the typical volume of 3,376 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in Sabre in the third quarter worth approximately $32,000. Triangle Securities Wealth Management acquired a new stake in shares of Sabre in the 2nd quarter valued at $33,000. Park Avenue Securities LLC bought a new stake in Sabre in the second quarter worth $34,000. 626 Financial LLC bought a new position in Sabre during the second quarter valued at about $35,000. Finally, Diligent Investors LLC acquired a new stake in shares of Sabre in the third quarter worth about $35,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SABR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a research note on Monday, December 29th. Wall Street Zen lowered Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Sabre has a consensus rating of “Hold” and a consensus target price of $3.80.

Sabre Stock Performance

NASDAQ SABR opened at $1.46 on Friday. Sabre has a 1 year low of $1.31 and a 1 year high of $4.63. The business’s fifty day moving average is $1.58 and its two-hundred day moving average is $2.04. The stock has a market capitalization of $576.54 million, a P/E ratio of 1.19 and a beta of 1.07.

Sabre (NASDAQ:SABR) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $715.18 million during the quarter, compared to analyst estimates of $715.32 million. During the same quarter last year, the firm earned ($0.04) EPS. The firm’s revenue was up 3.5% on a year-over-year basis. On average, research analysts forecast that Sabre will post 0.04 earnings per share for the current year.

Sabre Company Profile

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.