United Continental Holdings Target of Unusually Large Options Trading (UAL)
United Continental Holdings, Inc. (NYSE:UAL) saw some unusual options trading on Thursday. Traders acquired 1,399 call options on the stock. This is an increase of approximately 115% compared to the average volume of 650 call options.
In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total value of $230,490.00. Following the sale, the executive vice president now owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward Shapiro bought 10,000 shares of the stock in a transaction on Thursday, April 27th. The stock was purchased at an average cost of $69.35 per share, for a total transaction of $693,500.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $693,500. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in United Continental Holdings by 4.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,311 shares of the transportation company’s stock worth $305,000 after buying an additional 180 shares during the last quarter. Advisor Partners LLC boosted its stake in United Continental Holdings by 4.4% in the first quarter. Advisor Partners LLC now owns 4,802 shares of the transportation company’s stock worth $339,000 after buying an additional 202 shares during the last quarter. Suntrust Banks Inc. boosted its stake in United Continental Holdings by 4.0% in the first quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock worth $406,000 after buying an additional 220 shares during the last quarter. Private Advisor Group LLC boosted its stake in United Continental Holdings by 5.0% in the first quarter. Private Advisor Group LLC now owns 4,746 shares of the transportation company’s stock worth $333,000 after buying an additional 225 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in United Continental Holdings by 3.2% in the second quarter. LS Investment Advisors LLC now owns 8,128 shares of the transportation company’s stock worth $612,000 after buying an additional 254 shares during the last quarter. 96.66% of the stock is owned by hedge funds and other institutional investors.
Several analysts have weighed in on UAL shares. Vetr lowered United Continental Holdings from a “strong-buy” rating to a “sell” rating and set a $65.32 target price on the stock. in a report on Tuesday, April 11th. Cowen and Company upped their target price on United Continental Holdings from $72.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, April 11th. Citigroup Inc. upped their price objective on United Continental Holdings from $75.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, March 27th. Stifel Nicolaus restated a “buy” rating on shares of United Continental Holdings in a research report on Wednesday, April 19th. Finally, Zacks Investment Research upgraded United Continental Holdings from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.76.
United Continental Holdings (UAL) opened at 71.57 on Friday. The stock has a market capitalization of $22.16 billion, a P/E ratio of 11.19 and a beta of 1.04. United Continental Holdings has a 52-week low of $44.15 and a 52-week high of $83.04. The company’s 50-day moving average price is $78.03 and its 200 day moving average price is $74.25.
United Continental Holdings (NYSE:UAL) last released its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.44. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.61 earnings per share. On average, equities research analysts anticipate that United Continental Holdings will post $7.85 earnings per share for the current year.
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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