Investors Purchase High Volume of Sabre Put Options (NASDAQ:SABR)

Sabre Corporation (NASDAQ:SABR) saw some unusual options trading on Wednesday. Stock traders acquired 20,018 put options on the stock. This is an increase of 1,938% compared to the typical volume of 982 put options.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Citigroup reissued a “buy” rating on shares of Sabre in a research note on Thursday, August 27th. Weiss Ratings lowered shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1.75.

Sabre Stock Down 5.1%

Sabre stock traded down $0.12 during trading on Wednesday, reaching $2.15. The stock had a trading volume of 5,174,056 shares, compared to its average volume of 6,888,870. Sabre has a 52-week low of $0.81 and a 52-week high of $2.30. The stock has a market cap of $865.69 million, a PE ratio of 1.30 and a beta of 1.00. The business has a 50 day moving average price of $2.00 and a 200 day moving average price of $1.77.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The firm had revenue of $711.96 million for the quarter, compared to analyst estimates of $697.40 million. On average, equities analysts predict that Sabre will post -0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SABR. BlackRock Inc. purchased a new stake in Sabre during the second quarter worth approximately $114,425,000. Arini Capital Management Ltd acquired a new stake in Sabre during the second quarter worth approximately $81,719,000. Discerene Group LP lifted its position in shares of Sabre by 34.9% during the 4th quarter. Discerene Group LP now owns 38,523,820 shares of the information technology services provider’s stock worth $52,392,000 after buying an additional 9,958,212 shares during the last quarter. Par Capital Management Inc. lifted its position in shares of Sabre by 57.7% during the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock worth $61,146,000 after buying an additional 7,082,948 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Sabre in the 4th quarter valued at $7,377,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Company Profile

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.