Sabre Sees Unusually Large Options Volume (NASDAQ:SABR)

Sabre Corporation (NASDAQ:SABR) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 6,948 put options on the stock. This represents an increase of approximately 73% compared to the average volume of 4,017 put options.

Analyst Ratings Changes

Several brokerages have weighed in on SABR. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Wall Street Zen cut Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sabre has an average rating of “Hold” and an average price target of $3.80.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SABR. State of Alaska Department of Revenue raised its holdings in Sabre by 8.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 231,030 shares of the information technology services provider’s stock worth $729,000 after acquiring an additional 17,232 shares during the last quarter. U S Global Investors Inc. grew its holdings in shares of Sabre by 54.0% in the third quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider’s stock worth $15,915,000 after acquiring an additional 3,049,688 shares during the period. Praxis Investment Management Inc. raised its position in Sabre by 50.0% in the second quarter. Praxis Investment Management Inc. now owns 47,120 shares of the information technology services provider’s stock worth $149,000 after acquiring an additional 15,700 shares during the period. Discerene Group LP raised its stake in shares of Sabre by 11.2% in the second quarter. Discerene Group LP now owns 21,242,336 shares of the information technology services provider’s stock worth $67,126,000 after buying an additional 2,132,064 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in shares of Sabre in the second quarter worth $163,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Price Performance

SABR stock traded down $0.07 during trading on Tuesday, reaching $1.28. The company had a trading volume of 3,481,996 shares, compared to its average volume of 4,066,906. Sabre has a 52 week low of $1.28 and a 52 week high of $4.63. The business has a 50 day moving average of $1.57 and a 200 day moving average of $2.02. The company has a market cap of $503.48 million, a P/E ratio of 1.04 and a beta of 1.07.

Sabre (NASDAQ:SABR) last posted its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $715.18 million during the quarter, compared to analysts’ expectations of $715.32 million. During the same quarter last year, the business earned ($0.04) EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts expect that Sabre will post 0.04 earnings per share for the current year.

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.