Traders Buy United Continental Holdings, Inc. (UAL) on Weakness
Traders purchased shares of United Continental Holdings, Inc. (NYSE:UAL) on weakness during trading hours on Thursday. $61.04 million flowed into the stock on the tick-up and $40.00 million flowed out of the stock on the tick-down, for a money net flow of $21.04 million into the stock. Of all companies tracked, United Continental Holdings had the 30th highest net in-flow for the day. United Continental Holdings traded down ($0.06) for the day and closed at $61.96
UAL has been the subject of several research analyst reports. UBS AG reaffirmed a “buy” rating and issued a $103.00 price objective (up previously from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Bank of America Corporation cut their price objective on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a report on Friday, June 30th. Zacks Investment Research raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Tuesday, June 20th. Buckingham Research reaffirmed a “buy” rating and issued a $97.00 price objective on shares of United Continental Holdings in a report on Saturday, July 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $85.00 price objective (up previously from $80.00) on shares of United Continental Holdings in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. United Continental Holdings has a consensus rating of “Hold” and an average price target of $85.84.
The company has a market cap of $18.99 billion, a P/E ratio of 8.63 and a beta of 1.07. The firm’s 50-day moving average is $67.69 and its 200-day moving average is $72.72. United Continental Holdings also saw unusually large options trading on Thursday. Investors acquired 1,399 call options on the stock. This is an increase of 115% compared to the typical daily volume of 650 call options.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.44. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $2.61 EPS. Analysts anticipate that United Continental Holdings, Inc. will post $7.77 EPS for the current fiscal year.
In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the sale, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at approximately $2,179,590.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the company. Sentry Investment Management LLC increased its stake in shares of United Continental Holdings by 1.5% in the second quarter. Sentry Investment Management LLC now owns 73,143 shares of the transportation company’s stock valued at $5,504,000 after buying an additional 1,085 shares in the last quarter. Toronto Dominion Bank boosted its stake in United Continental Holdings by 24.0% in the second quarter. Toronto Dominion Bank now owns 92,962 shares of the transportation company’s stock worth $6,994,000 after buying an additional 17,967 shares during the period. U S Global Investors Inc. boosted its stake in United Continental Holdings by 65.2% in the second quarter. U S Global Investors Inc. now owns 189,637 shares of the transportation company’s stock worth $12,835,000 after buying an additional 74,823 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in United Continental Holdings during the second quarter worth approximately $1,293,000. Finally, Verition Fund Management LLC boosted its stake in United Continental Holdings by 5.7% in the second quarter. Verition Fund Management LLC now owns 26,424 shares of the transportation company’s stock worth $1,988,000 after buying an additional 1,424 shares during the period. 97.70% of the stock is currently owned by institutional investors.
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.