United Continental Holdings Inc (UAL) Short Interest Update

United Continental Holdings Inc (NASDAQ:UAL) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 21,022,387 shares, a growth of 11.3% from the February 15th total of 18,887,278 shares. Approximately 7.7% of the shares of the stock are sold short. Based on an average trading volume of 2,591,384 shares, the days-to-cover ratio is presently 8.1 days.

Institutional investors have recently modified their holdings of the stock. MML Investors Services LLC grew its position in United Continental by 8.1% in the fourth quarter. MML Investors Services LLC now owns 4,486 shares of the transportation company’s stock worth $376,000 after acquiring an additional 336 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in United Continental in the fourth quarter worth approximately $379,000. Municipal Employees Retirement System of Michigan purchased a new position in United Continental in the fourth quarter worth approximately $515,000. HighPoint Advisor Group LLC purchased a new position in United Continental in the fourth quarter worth approximately $879,000. Finally, Kentucky Retirement Systems purchased a new position in United Continental in the fourth quarter worth approximately $834,000. Institutional investors own 97.71% of the company’s stock.

UAL has been the subject of a number of research analyst reports. Barclays increased their target price on United Continental from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 15th. Zacks Investment Research reissued a “hold” rating on shares of United Continental in a report on Saturday, November 17th. Credit Suisse Group initiated coverage on United Continental in a report on Monday, November 19th. They set an “outperform” rating and a $113.00 target price for the company. Susquehanna Bancshares initiated coverage on United Continental in a report on Wednesday, November 28th. They set a “neutral” rating and a $102.00 target price for the company. Finally, Imperial Capital increased their target price on United Continental from $101.00 to $110.00 and gave the company an “in-line” rating in a report on Tuesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $100.88.

UAL stock opened at $81.49 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.54 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $21.30 billion, a PE ratio of 8.93, a P/E/G ratio of 0.35 and a beta of 0.98. United Continental has a 1 year low of $64.79 and a 1 year high of $97.85.

United Continental (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 15th. The transportation company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.57. The business had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.34 billion. United Continental had a return on equity of 27.73% and a net margin of 5.15%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share. Equities research analysts predict that United Continental will post 11.41 EPS for the current fiscal year.

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About United Continental

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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