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

Sabre Co. (NASDAQ:SABR) was the recipient of unusually large options trading on Thursday. Traders acquired 50,454 call options on the company. This is an increase of approximately 2,097% compared to the average daily volume of 2,297 call options.

Insider Transactions at Sabre

In related news, EVP Roshan Mendis acquired 19,230 shares of the stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $3.08 per share, for a total transaction of $59,228.40. Following the completion of the purchase, the executive vice president now owns 776,966 shares of the company’s stock, valued at approximately $2,393,055.28. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.32% of the company’s stock.

Hedge Funds Weigh In On Sabre

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sabre during the 2nd quarter worth about $26,000. First Trust Direct Indexing L.P. purchased a new position in shares of Sabre in the 1st quarter valued at $28,000. Triangle Securities Wealth Management acquired a new stake in Sabre during the 2nd quarter worth $29,000. Wellington Wealth Strategies LLC. acquired a new stake in Sabre during the 2nd quarter worth $32,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Sabre in the second quarter valued at $34,000. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th.

Sabre Stock Down 1.2 %

Sabre stock opened at $3.22 on Friday. Sabre has a 52-week low of $1.81 and a 52-week high of $4.75. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -2.22 and a beta of 1.72. The company has a fifty day simple moving average of $3.10 and a 200-day simple moving average of $2.83.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, August 1st. The information technology services provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. The firm had revenue of $767.20 million during the quarter, compared to analyst estimates of $752.54 million. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. On average, research analysts anticipate that Sabre will post -0.29 EPS 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.