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

Sabre Co. (NASDAQ:SABR - Get Free Report) saw unusually large options trading on Tuesday. Traders bought 10,982 call options on the company. This is an increase of approximately 366% compared to the average daily volume of 2,355 call options.

Institutional Investors Weigh In On Sabre

Large investors have recently modified their holdings of the company. Intech Investment Management LLC raised its position in shares of Sabre by 403.5% in the 3rd quarter. Intech Investment Management LLC now owns 91,116 shares of the information technology services provider's stock worth $334,000 after acquiring an additional 73,018 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Sabre by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider's stock worth $20,020,000 after purchasing an additional 39,509 shares in the last quarter. FMR LLC increased its holdings in Sabre by 24.5% in the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider's stock worth $58,000 after purchasing an additional 3,116 shares in the last quarter. Verition Fund Management LLC lifted its stake in Sabre by 37.3% in the third quarter. Verition Fund Management LLC now owns 189,924 shares of the information technology services provider's stock valued at $697,000 after buying an additional 51,595 shares during the period. Finally, Paloma Partners Management Co bought a new position in shares of Sabre during the 3rd quarter worth approximately $54,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SABR has been the subject of a number of research reports. Cantor Fitzgerald reiterated a "neutral" rating and issued a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Bank of America upgraded Sabre from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th. Finally, Sanford C. Bernstein upgraded shares of Sabre from an "underperform" rating to a "market perform" rating and set a $3.50 price objective for the company in a report on Tuesday, April 1st.

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Sabre Stock Down 8.1 %

SABR traded down $0.19 during midday trading on Friday, hitting $2.15. 12,048,712 shares of the company were exchanged, compared to its average volume of 4,207,786. The firm's 50 day moving average price is $3.49 and its 200-day moving average price is $3.56. Sabre has a 1-year low of $2.07 and a 1-year high of $4.63. The firm has a market capitalization of $830.05 million, a P/E ratio of -2.99, a P/E/G ratio of 2.43 and a beta of 1.39.

Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million during the quarter, compared to the consensus estimate of $716.60 million. On average, sell-side analysts predict that Sabre will post 0.04 earnings per share 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.