United Continental Holdings Inc (UAL) Sees Large Increase in Short Interest

United Continental Holdings Inc (NYSE:UAL) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 16,014,692 shares, an increase of 38.7% from the January 12th total of 11,543,532 shares. Based on an average daily trading volume, of 7,704,976 shares, the days-to-cover ratio is currently 2.1 days. Currently, 5.4% of the shares of the stock are sold short.

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its holdings in United Continental by 9.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,889 shares of the transportation company’s stock worth $443,000 after acquiring an additional 508 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in United Continental by 2.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 31,567 shares of the transportation company’s stock worth $2,128,000 after acquiring an additional 780 shares during the last quarter. M&T Bank Corp grew its holdings in United Continental by 3.8% in the 4th quarter. M&T Bank Corp now owns 21,539 shares of the transportation company’s stock worth $1,453,000 after acquiring an additional 786 shares during the last quarter. LS Investment Advisors LLC grew its holdings in United Continental by 10.4% in the 3rd quarter. LS Investment Advisors LLC now owns 8,976 shares of the transportation company’s stock worth $546,000 after acquiring an additional 848 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in United Continental by 3.7% in the 3rd quarter. Hennessy Advisors Inc. now owns 28,200 shares of the transportation company’s stock worth $1,717,000 after acquiring an additional 1,000 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on UAL. Imperial Capital lowered their price objective on shares of United Continental from $63.00 to $57.00 and set an “in-line” rating on the stock in a research report on Friday, October 20th. Buckingham Research increased their target price on shares of United Continental from $83.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Evercore ISI lowered shares of United Continental from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 24th. TheStreet raised shares of United Continental from a “c+” rating to a “b” rating in a report on Thursday, December 7th. Finally, ValuEngine raised shares of United Continental from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $83.47.

United Continental (NYSE UAL) opened at $64.14 on Tuesday. The company has a market cap of $19,000.00, a price-to-earnings ratio of 9.07 and a beta of 1.02. United Continental has a twelve month low of $56.51 and a twelve month high of $83.04. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37.

United Continental (NYSE:UAL) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.45. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.41 billion. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 EPS. research analysts forecast that United Continental will post 7.43 earnings per share for the current year.

United Continental announced that its Board of Directors has initiated a share repurchase program on Thursday, December 7th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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United Continental 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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