What’s in United Continental Holdings Inc After Today’s Bullish Options Activity?

 What's in United Continental Holdings Inc After Today's Bullish Options Activity?

In today’s session United Continental Holdings Inc (UAL) registered an unusually high (268) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious UAL increase. With 268 contracts traded and 8194 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: UAL161021C00052000 closed last at: $2.66 or 14.7% up. About 4.91 million shares traded hands. United Continental Holdings Inc (NYSE:UAL) has declined 9.80% since March 14, 2016 and is downtrending. It has underperformed by 15.41% the S&P500.

Analysts await United Continental Holdings Inc (NYSE:UAL) to report earnings on October, 27. They expect $2.86 earnings per share, down 36.87% or $1.67 from last year’s $4.53 per share. UAL’s profit will be $913.69 million for 4.65 P/E if the $2.86 EPS becomes a reality. After $2.61 actual earnings per share reported by United Continental Holdings Inc for the previous quarter, Wall Street now forecasts 9.58% EPS growth.

United Continental Holdings Inc (NYSE:UAL) Ratings Coverage

Out of 13 analysts covering United Continental (NYSE:UAL), 9 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 69% are positive. United Continental has been the topic of 26 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Credit Suisse maintained United Continental Holdings Inc (NYSE:UAL) on Tuesday, April 12 with “Outperform” rating. The firm has “Strong Buy” rating given on Thursday, September 3 by S&P Research. The rating was maintained by JP Morgan on Thursday, February 4 with “Overweight”. The company was initiated on Monday, August 24 by Standpoint Research. The company was initiated on Tuesday, August 23 by Imperial Capital. On Friday, July 24 the stock rating was upgraded by Deutsche Bank to “Buy”. The rating was downgraded by Raymond James on Thursday, March 24 to “Market Perform”. The firm has “Outperform” rating by Cowen & Co given on Friday, January 22. Imperial Capital maintained United Continental Holdings Inc (NYSE:UAL) rating on Wednesday, October 12. Imperial Capital has “Outperform” rating and $63 price target. Raymond James upgraded the stock to “Outperform” rating in Tuesday, August 30 report.

According to Zacks Investment Research, “United Continental Holdings, Inc. is in Airlines industry. It is the holding company for United Airlines and Continental Airlines. The Company operates its businesses through two reporting segments: Mainline and Regional Affiliates. The Company manages its business as an integrated network with assets deployed across its Mainline and regional carrier networks. Together with United Express, Continental Express and Continental Connection, these airlines operate throughout the Americas, Europe, Asia and Africa from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York, San Francisco, Tokyo and Washington, D.C. United Continental Holdings, Inc., formerly known as United Airlines Corp., is headquartered in Chicago.”

Insitutional Activity: The institutional sentiment increased to 0.84 in Q2 2016. Its up 0.18, from 0.66 in 2016Q1. The ratio is positive, as 82 funds sold all United Continental Holdings Inc shares owned while 184 reduced positions. 70 funds bought stakes while 154 increased positions. They now own 303.48 million shares or 6.76% less from 325.50 million shares in 2016Q1.
Bb&T Corporation has invested 0.01% of its portfolio in United Continental Holdings Inc (NYSE:UAL). Cantab Cap Prtnrs Ltd Liability Partnership last reported 0% of its portfolio in the stock. First Personal Finance Svcs accumulated 50 shares or 0% of the stock. Gerstein Fisher reported 13,551 shares or 0.07% of all its holdings. Omers Administration, a Ontario – Canada-based fund reported 10,900 shares. Blair William And Co Il last reported 5,059 shares in the company. Amp Capital holds 0.05% or 202,114 shares in its portfolio. U S Global accumulated 118,209 shares or 3.04% of the stock. Oregon Public Employees Retirement Fund last reported 0.04% of its portfolio in the stock. Shinko Asset Mgmt Ltd holds 0% or 287 shares in its portfolio. Strs Ohio last reported 0.1% of its portfolio in the stock. Federated Inc Pa last reported 0.03% of its portfolio in the stock. Beacon Capital last reported 0% of its portfolio in the stock. Creative Planning holds 0.03% of its portfolio in United Continental Holdings Inc (NYSE:UAL) for 102,144 shares. Delta Lloyd Nv holds 6,782 shares or 0.01% of its portfolio.

Insider Transactions: Since April 21, 2016, the stock had 14 insider purchases, and 0 selling transactions for $204.76 million net activity. Shares for $1.00M were bought by MUNOZ OSCAR. $2.94M worth of United Continental Holdings Inc (NYSE:UAL) was bought by Harford Barney on Thursday, April 28. 1.91 million shares were bought by SHAPIRO EDWARD, worth $99.25M on Thursday, April 21. Hart Gregory L bought $99,795 worth of stock or 2,000 shares. PAR INVESTMENT PARTNERS LP bought $99.25M worth of stock or 1.91M shares. COMPTON JAMES E also bought $97,825 worth of United Continental Holdings Inc (NYSE:UAL) shares. 2,000 United Continental Holdings Inc (NYSE:UAL) shares with value of $96,766 were bought by Bonds Michael P.

United Continental Holdings, Inc. is a holding firm and its principal subsidiary is United Air Lines, Inc. (United). The company has a market cap of $16.98 billion. The Firm transports people and cargo through its mainline operations. It has a 5.66 P/E ratio. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America.

UAL Company Profile

United Continental Holdings, Inc. (UAL), incorporated on December 30, 1968, is a holding firm and its principal subsidiary is United Air Lines, Inc. (United). The Firm 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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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. Won Pat International Airport (Guam), San Francisco International Airport (SFO) and Washington Dulles International Airport (Washington Dulles).

More important recent United Continental Holdings Inc (NYSE:UAL) news were published by: Nasdaq.com which released: “Earnings Reaction History: United Continental Holdings, Inc., 40.0% Follow …” on October 17, 2016, also Bloomberg.com published article titled: “After Sudden 41% Stock Rally, United Air Needs to Deliver”, Benzinga.com published: “Keep an Eye on These 7 Stocks for October 17, 2016” on October 17, 2016. More interesting news about United Continental Holdings Inc (NYSE:UAL) was released by: Zacks.com and their article: “United Continental (UAL) Q3 Earnings: A Beat in Store?” with publication date: October 14, 2016.

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