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

Key Points

• Sabre Corporation experienced a significant surge in options trading, with 33,579 call options purchased, representing an increase of approximately 1,431% compared to the average volume.
• Analysts have mixed ratings on Sabre, with Redburn Atlantic downgrading it from "strong-buy" to "hold," while two analysts still maintain a "buy" rating, and the consensus rating is a "Hold" with an average price target of $3.80.
• Sabre's recent earnings report showed a loss of ($0.02) EPS with revenue of $687.15 million, falling short of analysts’ expectations, and reflecting a 1.1% year-over-year decline.

Sabre Corporation (NASDAQ:SABR - Get Free Report) was the target of some unusual options trading on Wednesday. Stock traders acquired 33,579 call options on the stock. This represents an increase of approximately 1,431% compared to the average volume of 2,193 call options.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Redburn Atlantic downgraded Sabre from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Rothschild & Co Redburn lowered Sabre from a "buy" rating to a "neutral" rating and set a $2.40 price target on the stock. in a research note on Friday, August 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sabre in a research note on Wednesday, October 8th. Sanford C. Bernstein upgraded Sabre from a "market perform" rating to an "outperform" rating and lowered their price target for the company from $4.00 to $3.00 in a report on Monday, August 11th. Finally, Morgan Stanley reissued a "reduce" rating on shares of Sabre in a report on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $3.80.

Institutional Trading of Sabre

Several institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC raised its stake in shares of Sabre by 6.3% during the 1st quarter. Hsbc Holdings PLC now owns 61,063 shares of the information technology services provider's stock worth $172,000 after buying an additional 3,637 shares during the last quarter. Bank of Montreal Can lifted its position in Sabre by 7.7% during the 2nd quarter. Bank of Montreal Can now owns 59,124 shares of the information technology services provider's stock worth $187,000 after acquiring an additional 4,208 shares in the last quarter. Cerity Partners LLC raised its position in shares of Sabre by 22.6% in the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider's stock valued at $96,000 after purchasing an additional 5,617 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Sabre by 7.8% during 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 purchasing an additional 7,228 shares during the period. Finally, Captrust Financial Advisors grew its stake in Sabre by 17.8% during the 2nd quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider's stock worth $173,000 after buying an additional 8,262 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Price Performance

Shares of SABR stock traded up $0.29 during trading hours on Wednesday, reaching $2.16. 20,942,991 shares of the company were exchanged, compared to its average volume of 6,074,779. The stock's fifty day moving average is $1.81 and its two-hundred day moving average is $2.39. Sabre has a fifty-two week low of $1.69 and a fifty-two week high of $4.63. The company has a market cap of $850.18 million, a price-to-earnings ratio of -2.38 and a beta of 1.52.

Sabre (NASDAQ:SABR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $687.15 million for the quarter, compared to analysts' expectations of $718.16 million. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) EPS. On average, research analysts anticipate that Sabre will post 0.04 earnings per share for the current 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.

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