Westpac Banking Corp lowered its position in United Continental Holdings, Inc. (NYSE:UAL) by 98.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,890 shares of the transportation company’s stock after selling 352,888 shares during the period. Westpac Banking Corp’s holdings in United Continental Holdings were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. lifted its stake in United Continental Holdings by 10.4% in the first quarter. NN Investment Partners Holdings N.V. now owns 184,918 shares of the transportation company’s stock worth $13,063,000 after purchasing an additional 17,420 shares during the last quarter. Pacad Investment Ltd. bought a new stake in United Continental Holdings in the second quarter worth about $3,306,000. Renaissance Technologies LLC bought a new stake in United Continental Holdings in the first quarter worth about $19,240,000. Independent Advisor Alliance lifted its stake in United Continental Holdings by 29.1% in the first quarter. Independent Advisor Alliance now owns 4,256 shares of the transportation company’s stock worth $298,000 after purchasing an additional 959 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in United Continental Holdings by 10.2% in the first quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock worth $463,000 after purchasing an additional 606 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on UAL. UBS AG lifted their price target on shares of United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, July 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $86.00 price target on shares of United Continental Holdings in a research note on Thursday, July 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $71.00 price target (down previously from $72.00) on shares of United Continental Holdings in a research note on Friday, September 1st. Stephens reaffirmed an “equal weight” rating and set a $65.00 price target (down previously from $80.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Finally, Bank of America Corporation decreased their price target on shares of United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.92.
United Continental Holdings, Inc. (NYSE:UAL) opened at 59.80 on Friday. The firm has a 50-day moving average of $64.14 and a 200 day moving average of $71.77. The stock has a market capitalization of $18.19 billion, a price-to-earnings ratio of 8.26 and a beta of 1.06. United Continental Holdings, Inc. has a 12-month low of $49.28 and a 12-month high of $83.04. United Continental Holdings also was the target of some unusual options trading activity on Thursday. Investors acquired 1,399 call options on the company. This represents an increase of 115% compared to the average volume of 650 call options.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period last year, the business earned $2.61 EPS. The company’s revenue was up 6.4% on a year-over-year basis. On average, analysts predict that United Continental Holdings, Inc. will post $6.71 earnings per share for the current fiscal year.
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United Continental Holdings Company Profile
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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