Sabre Co. (NASDAQ:SABR - Get Free Report) saw unusually large options trading on Thursday. Stock investors bought 11,565 call options on the company. This represents an increase of approximately 371% compared to the average volume of 2,456 call options.
Institutional Trading of Sabre
Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in shares of 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 purchasing an additional 6,582 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Sabre by 744.8% during the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 8,454 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Sabre by 173.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 6,298 shares in the last quarter. Zacks Investment Management bought a new stake in shares of Sabre during the 3rd quarter valued at about $41,000. Finally, MML Investors Services LLC acquired a new stake in Sabre during the third quarter worth approximately $45,000. 89.42% of the stock is currently owned by institutional investors.
Sabre Trading Down 4.8 %
SABR traded down $0.20 during trading on Monday, reaching $3.93. 3,913,090 shares of the company's stock were exchanged, compared to its average volume of 3,934,530. Sabre has a one year low of $1.81 and a one year high of $4.63. The firm has a fifty day moving average price of $3.58 and a two-hundred day moving average price of $3.51. The stock has a market capitalization of $1.52 billion, a PE ratio of -5.46, a price-to-earnings-growth ratio of 2.43 and a beta of 1.79.
Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share 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 analyst estimates of $716.60 million. Sell-side analysts expect that Sabre will post 0.04 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on SABR shares. Cantor Fitzgerald reiterated a "neutral" rating and set a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st. Sanford C. Bernstein reissued an "underperform" rating and issued a $3.00 price objective on shares of Sabre in a research note on Tuesday, November 19th. Finally, StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $3.25.
View Our Latest Stock Report on Sabre
About Sabre
(
Get Free Report)
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.
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