Sabre Target of Unusually Large Options Trading (NASDAQ:SABR)
by Scott Moore · The Cerbat GemSabre Corporation (NASDAQ:SABR – Get Free Report) saw some unusual options trading on Tuesday. Traders acquired 6,948 put options on the company. This represents an increase of 73% compared to the typical daily volume of 4,017 put options.
Sabre Price Performance
Shares of SABR stock traded down $0.02 during midday trading on Wednesday, hitting $1.23. The company had a trading volume of 7,000,790 shares, compared to its average volume of 4,875,007. Sabre has a 52-week low of $1.20 and a 52-week high of $4.63. The company’s 50 day simple moving average is $1.55 and its 200 day simple moving average is $2.01. The stock has a market cap of $483.74 million, a price-to-earnings ratio of 1.00 and a beta of 1.07.
Sabre (NASDAQ:SABR – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $715.18 million for the quarter, compared to the consensus estimate of $715.32 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts anticipate that Sabre will post 0.04 EPS for the current year.
Analyst Upgrades and Downgrades
SABR has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Zacks Research raised shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.80.
Get Our Latest Research Report on SABR
Hedge Funds Weigh In On Sabre
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its holdings in shares of Sabre by 7.7% in the 2nd quarter. Bank of Montreal Can now owns 59,124 shares of the information technology services provider’s stock valued at $187,000 after buying an additional 4,208 shares during the period. Cerity Partners LLC raised its position in Sabre by 22.6% in the second quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock worth $96,000 after acquiring an additional 5,617 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Sabre by 7.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,566 shares of the information technology services provider’s stock worth $315,000 after acquiring an additional 7,228 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Sabre by 17.8% in the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock valued at $173,000 after acquiring an additional 8,262 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Sabre by 17.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 61,329 shares of the information technology services provider’s stock worth $111,000 after purchasing an additional 9,187 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.
About Sabre
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.