Strategic Advisors LLC lessened its stake in shares of United Continental Holdings Inc (NYSE:UAL) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,832 shares of the transportation company’s stock after selling 1,050 shares during the quarter. Strategic Advisors LLC’s holdings in United Continental were worth $2,150,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Dupont Capital Management Corp grew its holdings in United Continental by 1,218.8% during the 2nd quarter. Dupont Capital Management Corp now owns 19,320 shares of the transportation company’s stock valued at $1,347,000 after buying an additional 17,855 shares during the last quarter. E&G Advisors LP grew its holdings in United Continental by 5.6% during the 2nd quarter. E&G Advisors LP now owns 17,000 shares of the transportation company’s stock valued at $1,185,000 after buying an additional 900 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in United Continental during the 2nd quarter valued at $193,000. Achmea Investment Management B.V. grew its holdings in United Continental by 100.5% during the 2nd quarter. Achmea Investment Management B.V. now owns 14,763 shares of the transportation company’s stock valued at $1,029,000 after buying an additional 7,400 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its holdings in shares of United Continental by 41.4% during the second quarter. Everence Capital Management Inc. now owns 9,570 shares of the transportation company’s stock worth $667,000 after purchasing an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.
Shares of United Continental traded up $0.06, hitting $80.07, during trading hours on Monday, according to MarketBeat. The stock had a trading volume of 211,392 shares, compared to its average volume of 4,357,502. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $21.81 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 0.48 and a beta of 0.87. United Continental Holdings Inc has a 12-month low of $56.51 and a 12-month high of $82.04.
United Continental (NYSE:UAL) last issued its earnings results on Tuesday, July 17th. The transportation company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.16. The business had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.72 billion. United Continental had a return on equity of 24.28% and a net margin of 5.23%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $2.75 EPS. sell-side analysts predict that United Continental Holdings Inc will post 8.03 earnings per share for the current year.
Several equities research analysts have recently issued reports on the company. Imperial Capital raised their price objective on United Continental from $73.00 to $85.00 and gave the stock an “inline” rating in a report on Thursday, July 19th. ValuEngine upgraded United Continental from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Morgan Stanley raised their price objective on United Continental from $76.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, April 6th. Citigroup decreased their price objective on United Continental from $92.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, May 29th. Finally, Stephens set a $78.00 price objective on United Continental and gave the stock a “hold” rating in a report on Tuesday, April 17th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $86.63.
In other news, Director Edward Shapiro bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The shares were acquired at an average cost of $65.86 per share, with a total value of $3,293,000.00. Following the transaction, the director now owns 77,707 shares of the company’s stock, valued at approximately $5,117,783.02. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.
United Continental Company Profile
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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