Beech Hill Advisors Inc. boosted its stake in United Continental Holdings Inc (NASDAQ:UAL) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,100 shares of the transportation company’s stock after acquiring an additional 425 shares during the quarter. Beech Hill Advisors Inc.’s holdings in United Continental were worth $449,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UAL. Price T Rowe Associates Inc. MD raised its position in shares of United Continental by 16.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,266,464 shares of the transportation company’s stock valued at $1,073,929,000 after purchasing an additional 1,690,744 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of United Continental by 318.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,819,233 shares of the transportation company’s stock valued at $159,274,000 after acquiring an additional 1,384,330 shares in the last quarter. PointState Capital LP acquired a new stake in shares of United Continental during the 3rd quarter valued at approximately $57,667,000. Banco Santander S.A. acquired a new stake in shares of United Continental during the 3rd quarter valued at approximately $25,885,000. Finally, Man Group plc raised its position in shares of United Continental by 307.9% during the 3rd quarter. Man Group plc now owns 382,334 shares of the transportation company’s stock valued at $33,802,000 after acquiring an additional 288,604 shares in the last quarter. Hedge funds and other institutional investors own 98.73% of the company’s stock.
In related news, Director Carolyn Corvi sold 1,013 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.63, for a total transaction of $92,821.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.
UAL has been the topic of several analyst reports. ValuEngine raised United Continental from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Evercore ISI raised United Continental from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $105.00 to $125.00 in a research report on Thursday, January 2nd. Goldman Sachs Group set a $128.00 target price on United Continental and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Credit Suisse Group increased their target price on United Continental from $117.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Citigroup initiated coverage on United Continental in a research report on Thursday, October 31st. They issued a “buy” rating and a $107.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. United Continental presently has an average rating of “Buy” and a consensus price target of $106.57.
Shares of NASDAQ:UAL traded up $0.08 on Friday, hitting $89.62. The company’s stock had a trading volume of 341,020 shares, compared to its average volume of 2,743,682. United Continental Holdings Inc has a 12 month low of $77.02 and a 12 month high of $96.03. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.33 and a beta of 1.13. The stock’s 50-day moving average is $88.70 and its two-hundred day moving average is $89.01. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.48 and a current ratio of 0.54.
United Continental (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $4.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.97 by $0.10. United Continental had a return on equity of 30.06% and a net margin of 6.60%. The company had revenue of $11.38 billion during the quarter, compared to analysts’ expectations of $11.43 billion. During the same quarter in the prior year, the business posted $3.06 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts expect that United Continental Holdings Inc will post 12.03 earnings per share for the current fiscal year.
United Continental Company Profile
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
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