Traders Buy Large Volume of Put Options on Sabre (NASDAQ:SABR)

Sabre Co. (NASDAQ:SABR - Get Free Report) was the target of unusually large options trading activity on Monday. Investors acquired 10,375 put options on the company. This is an increase of approximately 252% compared to the average daily volume of 2,947 put options.

Sabre Price Performance

Shares of SABR traded up $0.04 during trading hours on Monday, hitting $3.22. The stock had a trading volume of 4,982,698 shares, compared to its average volume of 4,387,660. Sabre has a 1-year low of $1.81 and a 1-year high of $4.68. The firm has a market capitalization of $1.24 billion, a P/E ratio of -4.00 and a beta of 1.74. The firm has a 50 day simple moving average of $3.35 and a 200-day simple moving average of $3.09.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. During the same period last year, the business posted ($0.10) EPS. The company's revenue was up 3.3% on a year-over-year basis. Equities analysts predict that Sabre will post -0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Sabre news, EVP Roshan Mendis acquired 19,230 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $3.08 per share, with a total value of $59,228.40. Following the purchase, the executive vice president now directly owns 776,966 shares of the company's stock, valued at $2,393,055.28. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC bought a new stake in Sabre during the second quarter worth $26,000. First Trust Direct Indexing L.P. purchased a new stake in shares of Sabre in the first quarter valued at about $28,000. Triangle Securities Wealth Management bought a new position in shares of Sabre during the second quarter valued at about $29,000. Wellington Wealth Strategies LLC. purchased a new position in Sabre during the second quarter worth about $32,000. Finally, International Assets Investment Management LLC increased its stake in Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider's stock valued at $33,000 after buying an additional 6,582 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company's stock.

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.