It Seems United Continental Holdings Inc Will Go Up. Had Bullish Options Activity

 It Seems United Continental Holdings Inc Will Go Up. Had Bullish Options Activity

In today’s session United Continental Holdings Inc (UAL) registered an unusually high (320) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious UAL increase. With 320 contracts traded and 14544 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: UAL170120C00062500 closed last at: $8.9 or 1.1% up. About 213,184 shares traded hands. United Continental Holdings Inc (NYSE:UAL) has risen 40.92% since April 26, 2016 and is uptrending. It has outperformed by 35.66% the S&P500.

Analysts await United Continental Holdings Inc (NYSE:UAL) to report earnings on January, 19. They expect $1.09 earnings per share, down 57.09% or $1.45 from last year’s $2.54 per share. UAL’s profit will be $341.64 million for 15.98 P/E if the $1.09 EPS becomes a reality. After $3.11 actual earnings per share reported by United Continental Holdings Inc for the previous quarter, Wall Street now forecasts -64.95% negative EPS growth.

United Continental Holdings Inc (NYSE:UAL) Ratings Coverage

Out of 15 analysts covering United Continental (NYSE:UAL), 8 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 53% are positive. $88 is the highest target while $42 is the lowest. The $66.96 average target is -3.90% below today’s ($69.68) stock price. United Continental has been the topic of 32 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded United Continental Holdings Inc (NYSE:UAL) rating on Wednesday, July 6. Credit Suisse has “Neutral” rating and $42 price target. The company was maintained on Friday, January 22 by Cowen & Co. Imperial Capital maintained United Continental Holdings Inc (NYSE:UAL) rating on Wednesday, October 19. Imperial Capital has “Outperform” rating and $65 price target. As per Tuesday, August 30, the company rating was upgraded by Raymond James. The company was initiated on Tuesday, March 29 by Stephens. The stock of United Continental Holdings Inc (NYSE:UAL) earned “Strong Buy” rating by S&P Research on Thursday, September 3. The company was maintained on Wednesday, October 12 by Imperial Capital. The stock has “Buy” rating given by Standpoint Research on Monday, August 24. The stock of United Continental Holdings Inc (NYSE:UAL) earned “Outperform” rating by Cowen & Co on Monday, August 31. The firm has “Outperform” rating given on Tuesday, August 23 by Imperial Capital.

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 decreased to 0.8 in 2016 Q2. Its down 0.04, from 0.84 in 2016Q1. The ratio worsened, 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.
Teachers Retirement Sys Of The State Of Kentucky has invested 0.17% of its portfolio in United Continental Holdings Inc (NYSE:UAL). Selway Asset Mgmt accumulated 99,200 shares or 2.61% of the stock. Gulf Bancshares (Uk) Limited holds 0.02% of its portfolio in United Continental Holdings Inc (NYSE:UAL) for 29,166 shares. Susquehanna Intl Group Incorporated Ltd Liability Partnership accumulated 0.02% or 790,011 shares. Quantitative Systematic Strategies Lc has 26,799 shares for 0.51% of their US portfolio. Hightower Advisors Ltd Liability, a Illinois-based fund reported 35,631 shares. Icon Advisers holds 42,000 shares or 0.12% of its portfolio. Pnc Financial Services Gp last reported 10,768 shares in the company. First Personal Fincl Svcs holds 50 shares or 0% of its portfolio. Pictet Asset Mngmt Ltd owns 87,259 shares or 0.02% of their US portfolio. The Massachusetts-based Martingale Asset Mgmt Limited Partnership has invested 0.17% in United Continental Holdings Inc (NYSE:UAL). First Republic Invest accumulated 24,486 shares or 0.01% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% of its portfolio in United Continental Holdings Inc (NYSE:UAL) for 18,057 shares. Diamond Hill Cap Incorporated has invested 0.51% of its portfolio in United Continental Holdings Inc (NYSE:UAL). Gargoyle Invest Advisor Lc reported 15,477 shares or 0.24% of all its holdings.

Insider Transactions: Since September 2, 2016, the stock had 1 buying transaction, and 1 sale for $506,687 net activity. KENNY CHRIS sold 3,824 shares worth $257,706. Levy Andrew C also bought $764,393 worth of United Continental Holdings Inc (NYSE:UAL) on Friday, September 2.

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 $21.84 billion. The Firm transports people and cargo through its mainline operations. It has a 8.56 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 recent United Continental Holdings Inc (NYSE:UAL) news were published by: Wsj.com which released: “United Continental Postpones Boeing 737 Jets” on November 15, 2016. Also Wsj.com published the news titled: “United Continental Investors Hope Their Airline Closes the Gap” on November 12, 2016. Reuters.com‘s news article titled: “BRIEF-United Continental Holdings Inc reduces its capital expenditures” with publication date: November 15, 2016 was also an interesting one.

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