Investors Buy High Volume of United Continental Holdings Call Options (UAL)

United Continental Holdings, Inc. (NYSE:UAL) saw unusually large options trading on Thursday. Stock investors bought 1,399 call options on the stock. This represents an increase of approximately 115% compared to the average daily volume of 650 call options.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAL. BlackRock Inc. grew its position in United Continental Holdings by 4,642.3% during the 1st quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock worth $1,559,382,000 after acquiring an additional 21,609,536 shares during the last quarter. Janus Henderson Group PLC grew its position in United Continental Holdings by 30,735.3% during the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock worth $523,519,000 after acquiring an additional 6,934,500 shares during the last quarter. Boston Partners grew its position in United Continental Holdings by 37.7% during the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after acquiring an additional 1,324,894 shares during the last quarter. Vanguard Group Inc. grew its position in United Continental Holdings by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after acquiring an additional 930,321 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in United Continental Holdings by 113.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,144,832 shares of the transportation company’s stock worth $86,149,000 after acquiring an additional 608,570 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Several research analysts have recently commented on UAL shares. UBS AG reiterated a “buy” rating and issued a $103.00 target price (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Bank of America Corporation decreased their target price on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Zacks Investment Research upgraded United Continental Holdings from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Tuesday, June 20th. Buckingham Research reiterated a “buy” rating and issued a $97.00 target price on shares of United Continental Holdings in a research report on Saturday, July 22nd. Finally, Barclays PLC reiterated a “buy” rating and issued a $90.00 target price on shares of United Continental Holdings in a research report on Thursday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. United Continental Holdings has an average rating of “Hold” and an average target price of $81.92.

Shares of United Continental Holdings (UAL) opened at 59.80 on Friday. United Continental Holdings has a 52 week low of $49.28 and a 52 week high of $83.04. The company has a market cap of $18.19 billion, a P/E ratio of 8.26 and a beta of 1.06. The firm’s 50-day moving average price is $64.14 and its 200 day moving average price is $71.77.

United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.44. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. United Continental Holdings’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.61 EPS. On average, equities analysts predict that United Continental Holdings will post $6.71 EPS for the current fiscal year.

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United Continental Holdings Company Profile

United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.

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