United Continental Holdings Inc (UAL) Short Interest Update
United Continental Holdings Inc (NYSE:UAL) saw a large growth in short interest during the month of September. As of September 14th, there was short interest totalling 14,129,734 shares, a growth of ∞ from the August 31st total of 0 shares. Approximately 5.2% of the company’s shares are sold short. Based on an average trading volume of 3,382,834 shares, the short-interest ratio is presently 4.2 days.
Hedge funds have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of United Continental by 15.2% in the 1st quarter. Millennium Management LLC now owns 147,469 shares of the transportation company’s stock valued at $10,245,000 after buying an additional 19,480 shares during the period. Xact Kapitalforvaltning AB boosted its stake in United Continental by 37.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,331 shares of the transportation company’s stock worth $999,000 after purchasing an additional 3,894 shares during the period. Boston Advisors LLC acquired a new position in United Continental in the 2nd quarter worth $1,403,000. Lansdowne Partners UK LLP acquired a new position in United Continental in the 2nd quarter worth $251,781,000. Finally, Calamos Wealth Management LLC acquired a new position in United Continental in the 2nd quarter worth $744,000. 95.21% of the stock is owned by institutional investors.
Shares of UAL stock opened at $88.34 on Friday. United Continental has a 12-month low of $56.51 and a 12-month high of $91.39. The firm has a market capitalization of $23.75 billion, a PE ratio of 13.23, a PEG ratio of 0.51 and a beta of 0.75. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.63 and a quick ratio of 0.56.
Several analysts have commented on UAL shares. Morgan Stanley upped their target price on shares of United Continental from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, July 19th. Deutsche Bank cut shares of United Continental from a “buy” rating to a “hold” rating and dropped their target price for the company from $81.00 to $74.00 in a research report on Tuesday, July 3rd. Imperial Capital upped their target price on shares of United Continental from $73.00 to $85.00 and gave the company an “inline” rating in a research report on Thursday, July 19th. Buckingham Research set a $108.00 target price on shares of United Continental and gave the company a “buy” rating in a research report on Friday, September 7th. Finally, Barclays dropped their target price on shares of United Continental from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, July 16th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $90.00.
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.
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