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

Sabre Co. (NASDAQ:SABRGet Rating) was the recipient of some unusual options trading on Thursday. Traders acquired 76,219 call options on the stock. This is an increase of 967% compared to the average volume of 7,141 call options.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SABR shares. Morgan Stanley decreased their price target on Sabre from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. Mizuho cut their price target on Sabre from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, September 8th. Finally, Bank of America raised Sabre from an “underperform” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, July 6th.

Sabre Stock Performance

Shares of SABR opened at $5.93 on Friday. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -3.26 and a beta of 1.73. The business’s fifty day moving average price is $6.91 and its two-hundred day moving average price is $7.97. Sabre has a 52 week low of $5.45 and a 52 week high of $12.65.

Sabre (NASDAQ:SABRGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The information technology services provider reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.12. The company had revenue of $657.53 million during the quarter, compared to the consensus estimate of $649.71 million. The firm’s revenue for the quarter was up 56.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.61) earnings per share. As a group, research analysts forecast that Sabre will post -1.35 EPS for the current year.

Insider Activity at Sabre

In related news, CEO Sean E. Menke sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $8.01, for a total transaction of $160,200.00. Following the transaction, the chief executive officer now directly owns 1,257,888 shares of the company’s stock, valued at $10,075,682.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by insiders.

Institutional Trading of Sabre

Several hedge funds and other institutional investors have recently modified their holdings of SABR. Coston McIsaac & Partners acquired a new stake in shares of Sabre in the second quarter valued at about $135,000. Verition Fund Management LLC grew its holdings in Sabre by 113.1% during the second quarter. Verition Fund Management LLC now owns 165,992 shares of the information technology services provider’s stock worth $968,000 after purchasing an additional 1,435,992 shares during the period. Captrust Financial Advisors grew its holdings in Sabre by 17.3% during the second quarter. Captrust Financial Advisors now owns 13,271 shares of the information technology services provider’s stock worth $77,000 after purchasing an additional 1,956 shares during the period. Legal & General Group Plc grew its holdings in Sabre by 4.6% during the second quarter. Legal & General Group Plc now owns 770,168 shares of the information technology services provider’s stock worth $4,490,000 after purchasing an additional 33,541 shares during the period. Finally, ExodusPoint Capital Management LP grew its holdings in Sabre by 67.4% during the second quarter. ExodusPoint Capital Management LP now owns 315,753 shares of the information technology services provider’s stock worth $1,841,000 after purchasing an additional 127,160 shares during the period.

Sabre Company Profile

(Get Rating)

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates as 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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