Los Angeles Capital Management & Equity Research Inc. lowered its holdings in shares of United Continental Holdings, Inc. (NYSE:UAL) by 72.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,770 shares of the transportation company’s stock after selling 171,457 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in United Continental were worth $4,065,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in UAL. Exane Derivatives raised its stake in shares of United Continental by 373.7% in the 3rd quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after buying an additional 1,461 shares in the last quarter. MCF Advisors LLC grew its holdings in shares of United Continental by 0.9% in the 2nd 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 grew its holdings in shares of United Continental by 18,645.5% in the 2nd 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 position in shares of United Continental in the 2nd quarter worth $181,000. Finally, Comprehensive Portfolio Management LLC acquired a new position in shares of United Continental in the 2nd quarter worth $204,000. 95.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on UAL. Raymond James Financial restated a “market perform” rating on shares of United Continental in a report on Wednesday, September 20th. Zacks Investment Research downgraded United Continental from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Citigroup reiterated a “neutral” rating and set a $68.00 price target (down previously from $85.00) on shares of United Continental in a report on Thursday, September 7th. J P Morgan Chase & Co downgraded United Continental from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $84.00 to $68.00 in a research note on Friday, September 15th. Finally, Morgan Stanley reduced their price target on United Continental from $79.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $77.63.
United Continental Holdings, Inc. (NYSE:UAL) traded up $1.34 during trading hours on Thursday, reaching $63.53. The company’s stock had a trading volume of 3,762,219 shares, compared to its average volume of 4,368,409. United Continental Holdings, Inc. has a 12-month low of $56.51 and a 12-month 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 firm has a market cap of $18,426.90, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 1.60 and a beta of 1.04.
United Continental (NYSE:UAL) last posted its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.10. The firm had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.87 billion. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.11 EPS. analysts forecast that United Continental Holdings, Inc. will post 6.31 EPS for the current fiscal year.
In other United Continental news, Director Robert A. Milton acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were acquired at an average price of $58.60 per share, with a total value of $58,600.00. Following the purchase, the director now owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward Shapiro bought 15,000 shares of the stock in a transaction 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 acquisition, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.
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About United Continental
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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