Stock Traders Buy High Volume of Call Options on United Continental Holdings (UAL)

United Continental Holdings, Inc. (NYSE:UAL) saw unusually large options trading on Wednesday. Stock investors bought 1,399 call options on the company. This represents an increase of 115% compared to the typical volume of 650 call options.

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

Several hedge funds have recently made changes to their positions in UAL. Exane Derivatives grew its holdings in shares of United Continental Holdings by 373.7% during the third 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 last quarter. MCF Advisors LLC grew its holdings in shares of United Continental Holdings by 0.9% during the second 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 last quarter. Sun Life Financial INC grew its holdings in shares of United Continental Holdings by 18,645.5% during the second 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 last quarter. Captrust Financial Advisors bought a new stake in shares of United Continental Holdings during the second quarter worth $181,000. Finally, Comprehensive Portfolio Management LLC bought a new stake in shares of United Continental Holdings during the second quarter worth $204,000. Institutional investors own 97.92% of the company’s stock.

A number of brokerages recently commented on UAL. Zacks Investment Research upgraded United Continental Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. J P Morgan Chase & Co lowered United Continental Holdings from a “neutral” rating to an “underweight” rating and cut their target price for the company from $68.00 to $60.00 in a research note on Wednesday, November 1st. Evercore ISI upgraded United Continental Holdings from an “in-line” rating to an “outperform” rating and set a $68.00 target price for the company in a research note on Wednesday, October 25th. Atlantic Securities restated a “neutral” rating and issued a $100.00 target price (up from $58.87) on shares of United Continental Holdings in a research note on Tuesday, October 24th. Finally, Wolfe Research lowered United Continental Holdings from an “outperform” rating to a “hold” rating in a research note on Friday, October 20th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $77.63.

Shares of United Continental Holdings (NYSE:UAL) opened at $58.20 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. The company has a market capitalization of $17,241.89, a price-to-earnings ratio of 8.14, a PEG ratio of 1.50 and a beta of 1.02. United Continental Holdings has a 1-year low of $56.51 and a 1-year high of $83.04.

United Continental Holdings (NYSE:UAL) last announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, topping the 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.11 earnings per share. research analysts expect that United Continental Holdings will post 6.33 EPS for the current fiscal year.

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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.

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