FNY Managed Accounts LLC bought a new position in shares of United Continental Holdings, Inc. (NYSE:UAL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,200 shares of the transportation company’s stock, valued at approximately $560,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in UAL. Exane Derivatives boosted its position in United Continental by 373.7% during the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after acquiring an additional 1,461 shares during the last quarter. MCF Advisors LLC boosted its position in United Continental 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 acquiring an additional 13 shares during the last quarter. Sun Life Financial INC boosted its position in United Continental 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 acquiring an additional 2,051 shares during the last quarter. Captrust Financial Advisors acquired a new stake in United Continental during the second quarter worth approximately $181,000. Finally, Comprehensive Portfolio Management LLC purchased a new position in United Continental during the second quarter worth approximately $204,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.
In other news, Director Edward Shapiro purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of $59.87 per share, with a total value of $898,050.00. Following the purchase, the director now directly owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert A. Milton purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were purchased at an average cost of $58.60 per share, for a total transaction of $58,600.00. Following the purchase, the director now directly owns 6,176 shares in the company, valued at $361,913.60. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.
A number of equities analysts have weighed in on UAL shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price target (down previously from $110.00) on shares of United Continental in a research note on Friday, October 20th. Evercore ISI raised shares of United Continental from an “in-line” rating to an “outperform” rating and set a $68.00 price target on the stock in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of United Continental from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Stephens reaffirmed an “equal weight” rating and set a $65.00 price target (down previously from $80.00) on shares of United Continental in a research note on Thursday, September 7th. Finally, J P Morgan Chase & Co downgraded shares of United Continental from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $68.00 to $60.00 in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. United Continental presently has an average rating of “Hold” and an average price target of $77.63.
Shares of United Continental Holdings, Inc. (UAL) traded down $0.26 during mid-day trading on Friday, hitting $59.43. 1,200,000 shares of the stock were exchanged, compared to its average volume of 5,580,000. United Continental Holdings, Inc. has a fifty-two week low of $56.51 and a fifty-two week high of $83.04. 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 stock has a market cap of $17,610.00, a P/E ratio of 8.31, a PEG ratio of 1.53 and a beta of 1.02.
United Continental (NYSE:UAL) last issued its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.10. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.87 billion. During the same quarter last year, the firm posted $3.11 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. equities analysts forecast that United Continental Holdings, Inc. will post 6.33 earnings per share for the current fiscal year.
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United Continental 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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