Investors Buy Shares of United Continental (UAL) on Weakness
Traders bought shares of United Continental Holdings Inc (NYSE:UAL) on weakness during trading hours on Wednesday. $59.62 million flowed into the stock on the tick-up and $33.02 million flowed out of the stock on the tick-down, for a money net flow of $26.60 million into the stock. Of all companies tracked, United Continental had the 25th highest net in-flow for the day. United Continental traded down ($1.32) for the day and closed at $87.80
A number of research analysts recently weighed in on the company. Macquarie raised United Continental from a “neutral” rating to an “outperform” rating and set a $64.00 price objective on the stock in a report on Thursday, July 19th. Cowen upped their price objective on United Continental from $77.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, July 19th. Morgan Stanley dropped their price objective on United Continental from $77.00 to $76.00 and set an “equal weight” rating on the stock in a report on Thursday, July 12th. Buckingham Research upped their price objective on United Continental from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 13th. Finally, ValuEngine raised United Continental from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $86.20.
The firm has a market capitalization of $23.75 billion, a P/E ratio of 13.25, a PEG ratio of 0.51 and a beta of 0.75. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.56.
Hedge funds have recently bought and sold shares of the company. BlueMountain Capital Management LLC acquired a new stake in shares of United Continental in the second quarter valued at about $102,000. Adviser Investments LLC acquired a new stake in shares of United Continental in the second quarter valued at about $112,000. Gables Capital Management Inc. acquired a new stake in shares of United Continental in the first quarter valued at about $139,000. Summit Trail Advisors LLC grew its stake in shares of United Continental by 9,454.7% in the first quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock valued at $140,000 after buying an additional 138,322 shares in the last quarter. Finally, Advisors Preferred LLC grew its stake in shares of United Continental by 521.1% in the second quarter. Advisors Preferred LLC now owns 2,472 shares of the transportation company’s stock valued at $172,000 after buying an additional 2,074 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.
United Continental Company Profile (NYSE:UAL)
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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