United Continental Holdings Inc (UAL) Short Interest Update

United Continental Holdings Inc (NASDAQ:UAL) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 16,427,929 shares, a drop of 21.9% from the February 28th total of 21,022,387 shares. Based on an average daily trading volume, of 3,762,483 shares, the short-interest ratio is currently 4.4 days. Currently, 6.2% of the company’s shares are short sold.

UAL traded down $0.96 on Friday, hitting $88.28. 3,508,268 shares of the company’s stock were exchanged, compared to its average volume of 3,185,459. The firm has a market cap of $23.23 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.38 and a beta of 0.96. United Continental has a twelve month low of $65.45 and a twelve month high of $97.85. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 1.85.

United Continental (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.21. United Continental had a net margin of 5.43% and a return on equity of 28.41%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. United Continental’s quarterly revenue was up 6.2% on a year-over-year basis. Research analysts anticipate that United Continental will post 11.11 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in shares of United Continental in the 1st quarter valued at approximately $30,000. Raymond James Trust N.A. purchased a new stake in shares of United Continental in the 1st quarter valued at approximately $210,000. IFM Investors Pty Ltd lifted its position in shares of United Continental by 12.3% in the 1st quarter. IFM Investors Pty Ltd now owns 3,595 shares of the transportation company’s stock valued at $287,000 after acquiring an additional 393 shares in the last quarter. Beech Hill Advisors Inc. lifted its position in shares of United Continental by 26.4% in the 1st quarter. Beech Hill Advisors Inc. now owns 4,075 shares of the transportation company’s stock valued at $325,000 after acquiring an additional 850 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of United Continental in the 1st quarter valued at approximately $332,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

UAL has been the topic of a number of analyst reports. BidaskClub cut United Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. ValuEngine cut United Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Cowen restated a “market perform” rating and issued a $99.00 price target (up from $97.00) on shares of United Continental in a research note on Wednesday. JPMorgan Chase & Co. upgraded United Continental from a “neutral” rating to an “overweight” rating and set a $95.00 price target on the stock in a research note on Thursday, January 10th. Finally, Imperial Capital restated an “underperform” rating and issued a $78.00 price target (up from $73.00) on shares of United Continental in a research note on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $101.41.

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About United Continental

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

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