Global Endowment Management LP cut its position in United Continental Holdings Inc (NYSE:UAL) by 16.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,200 shares of the transportation company’s stock after selling 3,700 shares during the quarter. Global Endowment Management LP’s holdings in United Continental were worth $1,227,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Advisors Preferred LLC raised its position in shares of United Continental by 1,100.8% in the 4th quarter. Advisors Preferred LLC now owns 1,513 shares of the transportation company’s stock valued at $102,000 after buying an additional 1,387 shares in the last quarter. Deltec Asset Management LLC acquired a new position in shares of United Continental in the 4th quarter valued at approximately $203,000. Beach Investment Counsel Inc. PA acquired a new position in shares of United Continental in the 4th quarter valued at approximately $204,000. Wetherby Asset Management Inc. acquired a new position in shares of United Continental in the 4th quarter valued at approximately $208,000. Finally, Wealthstreet Investment Advisors LLC acquired a new position in shares of United Continental in the 4th quarter valued at approximately $236,000. Institutional investors own 94.79% of the company’s stock.
Shares of United Continental Holdings Inc (NYSE UAL) opened at $67.57 on Friday. United Continental Holdings Inc has a 1-year low of $56.51 and a 1-year high of $83.04. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37. The firm has a market cap of $18,989.52, a P/E ratio of 9.85 and a beta of 1.02.
United Continental (NYSE:UAL) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.45. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the firm posted $1.78 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. equities analysts predict that United Continental Holdings Inc will post 7.43 earnings per share for the current fiscal year.
United Continental announced that its board has authorized a share buyback program on Thursday, December 7th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several equities research analysts recently issued reports on UAL shares. Buckingham Research lifted their price target on shares of United Continental from $83.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Bank of America lifted their price target on shares of United Continental from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Morgan Stanley lifted their price target on shares of United Continental from $68.00 to $71.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Evercore ISI lowered shares of United Continental from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 24th. Finally, Imperial Capital lifted their price target on shares of United Continental from $64.00 to $74.00 and gave the company a “line” rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. United Continental has a consensus rating of “Hold” and a consensus target price of $83.03.
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United Continental 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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