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

Sabre Co. (NASDAQ:SABR - Get Free Report) saw unusually large options trading on Thursday. Traders bought 9,572 call options on the company. This is an increase of approximately 109% compared to the average volume of 4,573 call options.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SABR shares. Cantor Fitzgerald started coverage on Sabre in a research report on Wednesday, February 21st. They issued an "overweight" rating and a $5.00 price target on the stock. Bank of America reduced their price target on Sabre from $4.50 to $3.00 and set a "neutral" rating for the company in a research report on Monday, April 15th. Mizuho lowered their target price on Sabre from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Monday, March 4th. Finally, StockNews.com downgraded shares of Sabre from a "buy" rating to a "hold" rating in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sabre currently has an average rating of "Hold" and a consensus target price of $4.13.

Insiders Place Their Bets

In other Sabre news, EVP Ann J. Bruder bought 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was bought at an average cost of $2.63 per share, for a total transaction of $52,600.00. Following the completion of the purchase, the executive vice president now owns 262,517 shares in the company, valued at approximately $690,419.71. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Michael O. Randolfi bought 50,000 shares of the company's stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $2.98 per share, for a total transaction of $149,000.00. Following the completion of the transaction, the chief financial officer now directly owns 587,665 shares in the company, valued at approximately $1,751,241.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann J. Bruder purchased 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $2.63 per share, for a total transaction of $52,600.00. Following the acquisition, the executive vice president now owns 262,517 shares of the company's stock, valued at $690,419.71. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 135,000 shares of company stock valued at $368,650. 1.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sabre

Institutional investors and hedge funds have recently bought and sold shares of the company. Earnest Partners LLC lifted its position in shares of Sabre by 1.1% during the 1st quarter. Earnest Partners LLC now owns 20,515,682 shares of the information technology services provider's stock worth $49,648,000 after buying an additional 227,204 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Sabre by 7.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 208,510 shares of the information technology services provider's stock worth $505,000 after acquiring an additional 13,554 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Sabre by 5.6% in the 1st quarter. EP Wealth Advisors LLC now owns 98,302 shares of the information technology services provider's stock valued at $238,000 after purchasing an additional 5,225 shares during the last quarter. EntryPoint Capital LLC boosted its position in Sabre by 301.4% in the first quarter. EntryPoint Capital LLC now owns 29,129 shares of the information technology services provider's stock valued at $70,000 after buying an additional 21,872 shares in the last quarter. Finally, Beaconlight Capital LLC increased its holdings in shares of Sabre by 3.5% during the first quarter. Beaconlight Capital LLC now owns 2,065,114 shares of the information technology services provider's stock worth $4,998,000 after buying an additional 69,996 shares in the last quarter. Institutional investors own 89.42% of the company's stock.

Sabre Price Performance

SABR traded down $0.08 during trading on Thursday, hitting $3.09. The stock had a trading volume of 3,305,004 shares, compared to its average volume of 5,439,632. The company has a 50 day moving average price of $2.53 and a 200-day moving average price of $3.38. Sabre has a one year low of $1.81 and a one year high of $5.76. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -2.19 and a beta of 1.69.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $687.05 million for the quarter, compared to analyst estimates of $707.89 million. As a group, sell-side analysts predict that Sabre will post -0.28 EPS for the current fiscal year.

About Sabre

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.