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

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Sabre Corp (NASDAQ:SABR) was the target of unusually large options trading on Thursday. Traders bought 6,341 call options on the company. This is an increase of approximately 781% compared to the typical volume of 720 call options.

NASDAQ:SABR traded up $0.33 during mid-day trading on Thursday, hitting $6.27. 633,445 shares of the company traded hands, compared to its average volume of 9,878,341. The stock’s fifty day moving average price is $14.35 and its 200-day moving average price is $20.39. Sabre has a one year low of $3.30 and a one year high of $25.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 3.44. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 10.98 and a beta of 1.12.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Wednesday, February 26th. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Sabre had a return on equity of 24.00% and a net margin of 3.99%. The business had revenue of $941.40 million during the quarter, compared to analyst estimates of $947.68 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. Sabre’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts predict that Sabre will post -0.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 20th will be given a $0.14 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.56 annualized dividend and a dividend yield of 8.93%.

In related news, CEO Sean E. Menke sold 8,513 shares of Sabre stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $23.07, for a total value of $196,394.91. Following the completion of the sale, the chief executive officer now owns 169,825 shares of the company’s stock, valued at $3,917,862.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sean E. Menke sold 17,000 shares of Sabre stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $22.59, for a total value of $384,030.00. Following the completion of the sale, the chief executive officer now directly owns 178,338 shares of the company’s stock, valued at approximately $4,028,655.42. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Capital World Investors lifted its position in shares of Sabre by 1.4% in the fourth quarter. Capital World Investors now owns 23,917,241 shares of the information technology services provider’s stock worth $536,703,000 after buying an additional 329,974 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Sabre by 1.2% during the fourth quarter. William Blair Investment Management LLC now owns 9,242,665 shares of the information technology services provider’s stock worth $207,405,000 after buying an additional 106,535 shares during the period. FIL Ltd lifted its holdings in Sabre by 6.4% during the fourth quarter. FIL Ltd now owns 7,574,944 shares of the information technology services provider’s stock worth $169,982,000 after buying an additional 454,946 shares during the period. Ceredex Value Advisors LLC lifted its holdings in Sabre by 122.8% during the fourth quarter. Ceredex Value Advisors LLC now owns 6,300,701 shares of the information technology services provider’s stock worth $141,387,000 after buying an additional 3,473,051 shares during the period. Finally, River Road Asset Management LLC lifted its holdings in Sabre by 28.7% during the fourth quarter. River Road Asset Management LLC now owns 4,396,992 shares of the information technology services provider’s stock worth $98,669,000 after buying an additional 979,667 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

SABR has been the subject of several research analyst reports. Mizuho lowered Sabre from a “buy” rating to an “underperform” rating in a report on Monday. BidaskClub raised Sabre from a “strong sell” rating to a “sell” rating in a report on Thursday. Morgan Stanley initiated coverage on Sabre in a report on Thursday, December 5th. They issued an “equal weight” rating and a $26.00 price objective for the company. Deutsche Bank cut their price objective on Sabre from $23.00 to $17.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Finally, ValuEngine lowered Sabre from a “hold” rating to a “sell” rating in a report on Friday, March 20th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $23.38.

Sabre Company Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network segment operates as 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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