14,656 Shares in United Continental Holdings Inc (UAL) Acquired by Kemnay Advisory Services Inc.

Kemnay Advisory Services Inc. purchased a new stake in United Continental Holdings Inc (NYSE:UAL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,656 shares of the transportation company’s stock, valued at approximately $1,305,000.

Several other hedge funds have also recently made changes to their positions in UAL. Piedmont Investment Advisors LLC acquired a new position in shares of United Continental in the 2nd quarter valued at $193,000. Dupont Capital Management Corp grew its holdings in shares of United Continental by 1,218.8% in 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 period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of United Continental in the 2nd quarter valued at $438,000. TD Asset Management Inc. grew its holdings in shares of United Continental by 3.2% in the 2nd quarter. TD Asset Management Inc. now owns 237,456 shares of the transportation company’s stock valued at $16,558,000 after buying an additional 7,360 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of United Continental by 4.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 259,968 shares of the transportation company’s stock valued at $18,128,000 after buying an additional 9,980 shares during the period. 95.21% of the stock is owned by institutional investors.

Shares of NYSE:UAL opened at $91.94 on Thursday. United Continental Holdings Inc has a one year low of $60.44 and a one year high of $97.85.

United Continental (NYSE:UAL) last issued its quarterly earnings results on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.01). The business had revenue of $11 billion for the quarter, compared to analysts’ expectations of $10.95 billion. During the same quarter in the previous year, the business earned $2.22 earnings per share. United Continental’s quarterly revenue was up 11.2% on a year-over-year basis.

Several brokerages have recently issued reports on UAL. Imperial Capital boosted their price target on shares of United Continental from $101.00 to $110.00 and gave the company an “in-line” rating in a report on Tuesday. Susquehanna Bancshares began coverage on shares of United Continental in a report on Wednesday, November 28th. They issued a “neutral” rating and a $102.00 price target for the company. Morgan Stanley boosted their price target on shares of United Continental from $95.00 to $102.00 and gave the company an “equal weight” rating in a report on Wednesday, November 14th. Goldman Sachs Group started coverage on shares of United Continental in a research report on Monday, November 12th. They issued a “neutral” rating and a $102.00 price objective on the stock. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of United Continental in a research report on Saturday, November 17th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. United Continental currently has a consensus rating of “Buy” and an average target price of $103.75.

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United Continental 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.

See Also: Catch-Up Contributions

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Institutional Ownership by Quarter for United Continental (NYSE:UAL)

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