M&T Bank Corp lifted its position in United Continental Holdings Inc (NYSE:UAL) by 3.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,539 shares of the transportation company’s stock after acquiring an additional 786 shares during the period. M&T Bank Corp’s holdings in United Continental were worth $1,453,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its stake in shares of United Continental by 9.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,889 shares of the transportation company’s stock valued at $443,000 after buying an additional 508 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of United Continental by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 31,567 shares of the transportation company’s stock valued at $2,128,000 after buying an additional 780 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of United Continental by 10.4% in the third quarter. LS Investment Advisors LLC now owns 8,976 shares of the transportation company’s stock valued at $546,000 after buying an additional 848 shares in the last quarter. Hennessy Advisors Inc. grew its stake in shares of United Continental by 3.7% in the third quarter. Hennessy Advisors Inc. now owns 28,200 shares of the transportation company’s stock valued at $1,717,000 after buying an additional 1,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of United Continental by 1.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 75,256 shares of the transportation company’s stock valued at $5,072,000 after buying an additional 1,115 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.
Shares of United Continental Holdings Inc (NYSE:UAL) opened at $66.52 on Monday. United Continental Holdings Inc has a twelve month low of $56.51 and a twelve month 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 capitalization of $19,710.00, a price-to-earnings ratio of 10.38 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 return on equity of 23.43% and a net margin of 5.65%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. research analysts forecast that United Continental Holdings Inc will post 7.43 EPS for the current fiscal year.
United Continental announced that its board has authorized a share buyback program on Thursday, December 7th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
UAL has been the subject of several analyst reports. Evercore ISI raised shares of United Continental from an “in-line” rating to an “outperform” rating and set a $68.00 target price for the company in a research note on Wednesday, October 25th. JPMorgan Chase & Co. cut shares of United Continental from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $68.00 to $60.00 in a research note on Wednesday, November 1st. Sanford C. Bernstein raised shares of United Continental from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 31st. Atlantic Securities reissued a “neutral” rating and issued a $100.00 target price (up from $58.87) on shares of United Continental in a research note on Tuesday, October 24th. Finally, Buckingham Research raised shares of United Continental from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $65.00 to $81.00 in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. United Continental has an average rating of “Hold” and an average target price of $82.87.
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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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