Traders Buy United Continental Holdings, Inc. (UAL) on Weakness

Traders bought shares of United Continental Holdings, Inc. (NYSE:UAL) on weakness during trading hours on Friday. $252.14 million flowed into the stock on the tick-up and $83.67 million flowed out of the stock on the tick-down, for a money net flow of $168.47 million into the stock. Of all equities tracked, United Continental Holdings had the 22nd highest net in-flow for the day. United Continental Holdings traded down ($1.45) for the day and closed at $59.80

UAL has been the topic of several research reports. Imperial Capital restated an “in-line” rating and set a $75.00 price objective on shares of United Continental Holdings in a research note on Friday, May 19th. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. UBS AG restated a “buy” rating and set a $103.00 price objective (up previously from $95.00) on shares of United Continental Holdings in a research note on Friday, June 9th. Atlantic Securities initiated coverage on United Continental Holdings in a research note on Tuesday, June 20th. They set an “overweight” rating and a $100.00 price objective on the stock. 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 note on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $81.92.

The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 8.26 and a beta of 1.06. The stock has a 50-day moving average price of $64.37 and a 200 day moving average price of $71.88. United Continental Holdings also saw some unusual options trading activity on Thursday. Traders purchased 1,399 call options on the company. This represents an increase of approximately 115% compared to the typical volume of 650 call options.

United Continental Holdings (NYSE:UAL) last posted its earnings results 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. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. United Continental Holdings’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that United Continental Holdings, Inc. will post $6.71 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in United Continental Holdings by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after purchasing an additional 930,321 shares during the last quarter. BlackRock Inc. raised its position in United Continental Holdings by 4,642.3% in the 1st quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock worth $1,559,382,000 after purchasing an additional 21,609,536 shares during the last quarter. Janus Henderson Group PLC raised its position in United Continental Holdings by 30,735.3% in the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock worth $523,519,000 after purchasing an additional 6,934,500 shares during the last quarter. AQR Capital Management LLC raised its position in United Continental Holdings by 1.6% in the 1st quarter. AQR Capital Management LLC now owns 6,889,017 shares of the transportation company’s stock worth $486,640,000 after purchasing an additional 110,314 shares during the last quarter. Finally, Boston Partners raised its position in United Continental Holdings by 37.7% in the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after purchasing an additional 1,324,894 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

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About United Continental Holdings

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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