United Continental Holdings, Inc. (NYSE:UAL) saw unusually large options trading activity on Wednesday. Investors bought 1,399 call options on the stock. This is an increase of approximately 115% compared to the typical volume of 650 call options.

Several research firms recently issued reports on UAL. Morgan Stanley reissued an “equal weight” rating and issued a $71.00 price target (down previously from $72.00) on shares of United Continental Holdings in a research report on Friday, September 1st. Citigroup Inc. lifted their price target on shares of United Continental Holdings from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Bank of America Corporation reissued a “buy” rating and issued a $84.00 price target (down previously from $85.00) on shares of United Continental Holdings in a research report on Tuesday, October 10th. Imperial Capital lifted their price target on shares of United Continental Holdings from $75.00 to $77.00 and gave the company an “in-line” rating in a research report on Tuesday, July 18th. Finally, Buckingham Research reissued a “buy” rating and issued a $97.00 price target on shares of United Continental Holdings in a research report on Saturday, July 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $77.63.

In related news, Director Robert A. Milton acquired 1,000 shares of United Continental Holdings stock in a transaction dated Tuesday, October 24th. The stock was bought at an average price of $58.60 per share, with a total value of $58,600.00. Following the transaction, the director now directly owns 6,176 shares in the company, valued at approximately $361,913.60. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward Shapiro acquired 15,000 shares of United Continental Holdings stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $59.87 per share, with a total value of $898,050.00. Following the transaction, the director now owns 27,707 shares in the company, valued at $1,658,818.09. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAL. Exane Derivatives raised its stake in shares of United Continental Holdings by 373.7% during the 3rd quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after purchasing an additional 1,461 shares during the period. MCF Advisors LLC raised its stake in shares of United Continental Holdings by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after purchasing an additional 13 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of United Continental Holdings during the 1st quarter worth $122,000. Sun Life Financial INC raised its stake in shares of United Continental Holdings by 18,645.5% during the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after purchasing an additional 2,051 shares during the period. Finally, Captrust Financial Advisors bought a new stake in shares of United Continental Holdings during the 2nd quarter worth $181,000. Institutional investors own 97.69% of the company’s stock.

Shares of United Continental Holdings (NYSE:UAL) opened at $59.65 on Monday. The company has a market capitalization of $17,671.43, a price-to-earnings ratio of 8.34, a PEG ratio of 1.54 and a beta of 1.02. United Continental Holdings has a 52 week low of $55.75 and a 52 week high of $83.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60.

United Continental Holdings (NYSE:UAL) last released its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.11 EPS. research analysts predict that United Continental Holdings will post 6.29 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Investors Buy Large Volume of United Continental Holdings Call Options (UAL)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/investors-buy-large-volume-of-united-continental-holdings-call-options-ual/1681589.html.

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.

Receive News & Ratings for United Continental Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.