Sabre Target of Unusually High Options Trading (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR) was the recipient of some unusual options trading activity on Monday. Investors purchased 15,645 put options on the stock. This represents an increase of 382% compared to the typical daily volume of 3,249 put options.

Hedge Funds Weigh In On Sabre

A number of large investors have recently modified their holdings of SABR. Arrowstreet Capital Limited Partnership raised its stake in Sabre by 831.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock valued at $21,388,000 after purchasing an additional 5,230,239 shares during the last quarter. U S Global Investors Inc. acquired a new position in Sabre during the fourth quarter valued at approximately $20,509,000. Northern Trust Corp boosted its position in Sabre by 7.8% during the 4th quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider’s stock worth $16,751,000 after purchasing an additional 333,690 shares during the period. Two Sigma Advisers LP boosted its position in shares of Sabre by 25.5% in the fourth quarter. Two Sigma Advisers LP now owns 3,721,500 shares of the information technology services provider’s stock worth $13,583,000 after buying an additional 755,600 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Sabre by 38.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,615,942 shares of the information technology services provider’s stock worth $13,198,000 after acquiring an additional 1,007,871 shares during the period. 89.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Sabre from $5.00 to $3.50 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price for the company in a research report on Tuesday, April 1st. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and upped their target price for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th. Cantor Fitzgerald restated a “neutral” rating and set a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. Finally, StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Three investment 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 stock has a consensus rating of “Hold” and an average target price of $4.28.

Sabre Stock Performance

NASDAQ:SABR opened at $2.40 on Wednesday. The stock has a market capitalization of $926.57 million, a P/E ratio of -3.33, a PEG ratio of 2.43 and a beta of 1.39. Sabre has a fifty-two week low of $1.93 and a fifty-two week high of $4.63. The company has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.39.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. Research analysts forecast that Sabre will post 0.04 earnings per share for the current fiscal year.

Sabre Company Profile

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.