United Continental Holdings Inc (UAL) Short Interest Update

United Continental Holdings Inc (NYSE:UAL) was the target of a significant increase in short interest in September. As of September 14th, there was short interest totalling 14,129,734 shares, an increase of ∞ from the August 31st total of 0 shares. Based on an average daily trading volume, of 3,382,834 shares, the days-to-cover ratio is presently 4.2 days. Currently, 5.2% of the shares of the company are sold short.

A number of equities research analysts recently weighed in on the company. Morgan Stanley set a $92.00 target price on United Continental and gave the stock a “hold” rating in a research report on Tuesday, September 18th. Imperial Capital lifted their target price on United Continental from $73.00 to $85.00 and gave the stock an “inline” rating in a research report on Thursday, July 19th. ValuEngine raised United Continental from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Buckingham Research set a $108.00 target price on United Continental and gave the stock a “buy” rating in a research report on Friday, September 7th. Finally, Barclays decreased their target price on United Continental from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday, July 16th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental has a consensus rating of “Buy” and a consensus target price of $90.00.

NYSE UAL opened at $88.34 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.56 and a current ratio of 0.63. The company has a market cap of $23.75 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 0.51 and a beta of 0.75. United Continental has a 1-year low of $56.51 and a 1-year high of $91.39.

United Continental (NYSE:UAL) last released its quarterly earnings data on Tuesday, July 17th. The transportation company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.16. The company had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.72 billion. United Continental had a return on equity of 24.28% and a net margin of 5.23%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 earnings per share. sell-side analysts predict that United Continental will post 8.13 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAL. BlueMountain Capital Management LLC bought a new position in shares of United Continental in the second quarter valued at approximately $102,000. Adviser Investments LLC bought a new position in shares of United Continental in the second quarter valued at approximately $112,000. Gables Capital Management Inc. bought a new position in shares of United Continental in the first quarter valued at approximately $139,000. Advisors Preferred LLC raised 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 acquiring an additional 2,074 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of United Continental by 155.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,596 shares of the transportation company’s stock valued at $181,000 after acquiring an additional 1,580 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors.

United Continental Company Profile

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.

Further Reading: NASDAQ

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