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

by · The Cerbat Gem

Sabre Corporation (NASDAQ:SABR – Get Free Report) saw unusually large options trading on Tuesday. Stock investors bought 8,118 call options on the stock. This is an increase of 127% compared to the average volume of 3,572 call options.

Sabre Stock Down 1.0%

Sabre stock traded down $0.02 on Tuesday, hitting $1.50. The company’s stock had a trading volume of 1,936,326 shares, compared to its average volume of 6,114,107. Sabre has a one year low of $1.46 and a one year high of $4.63. The firm has a market cap of $590.35 million, a P/E ratio of 1.22 and a beta of 1.07. The company has a fifty day moving average price of $1.77 and a 200-day moving average price of $2.21.

Sabre (NASDAQ:SABR – Get Free Report) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $715.18 million for the quarter, compared to analyst estimates of $715.32 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that Sabre will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SABR. Wall Street Zen downgraded shares of Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 8th. Finally, Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Sabre currently has an average rating of “Hold” and an average target price of $3.80.

View Our Latest Report on Sabre

Hedge Funds Weigh In On Sabre

Several institutional investors have recently bought and sold shares of SABR. GSA Capital Partners LLP bought a new position in Sabre in the third quarter valued at approximately $32,000. Triangle Securities Wealth Management acquired a new stake in shares of Sabre during the second quarter worth $33,000. Park Avenue Securities LLC bought a new stake in Sabre in the second quarter valued at about $34,000. 626 Financial LLC acquired a new position in Sabre in the second quarter valued at about $35,000. Finally, Diligent Investors LLC acquired a new position in Sabre in the third quarter valued at about $35,000. Institutional investors own 89.42% of the company’s stock.

About Sabre

(Get Free Report)

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.

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