Douglas Lane & Associates LLC reduced its position in United Continental Holdings Inc (NYSE:UAL) by 4.7% during the 3rd quarter, Holdings Channel reports. The firm owned 1,197,966 shares of the transportation company’s stock after selling 59,095 shares during the quarter. United Continental makes up about 2.1% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 6th largest holding. Douglas Lane & Associates LLC’s holdings in United Continental were worth $106,691,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. BlueMountain Capital Management LLC acquired a new position in United Continental in the 2nd quarter worth about $102,000. Adviser Investments LLC acquired a new position in shares of United Continental during the 2nd quarter valued at about $112,000. Gables Capital Management Inc. acquired a new position in shares of United Continental during the 1st quarter valued at about $139,000. Summit Trail Advisors LLC increased its holdings in shares of United Continental by 9,454.7% during the 1st quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 138,322 shares during the last quarter. Finally, Advisors Preferred LLC increased its holdings in shares of United Continental by 521.1% during the 2nd quarter. Advisors Preferred LLC now owns 2,472 shares of the transportation company’s stock valued at $172,000 after acquiring an additional 2,074 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors.
UAL has been the topic of a number of analyst reports. Buckingham Research set a $108.00 price objective on United Continental and gave the company a “buy” rating in a report on Friday, September 7th. Macquarie lowered United Continental from an “outperform” rating to a “neutral” rating and set a $95.00 price objective on the stock. in a report on Tuesday, September 18th. They noted that the move was a valuation call. ValuEngine raised United Continental from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Morgan Stanley increased their price objective on United Continental from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Thursday, July 19th. Finally, Deutsche Bank lowered United Continental from a “buy” rating to a “hold” rating and lowered their price objective for the company from $81.00 to $74.00 in a report on Tuesday, July 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $91.20.
NYSE:UAL traded down $0.73 during mid-day trading on Tuesday, hitting $82.95. 14,974 shares of the company’s stock traded hands, compared to its average volume of 3,729,924. United Continental Holdings Inc has a 12 month low of $56.51 and a 12 month high of $91.39. The company has a market cap of $23.75 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.51 and a beta of 0.75. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.56.
United Continental (NYSE:UAL) last announced its earnings results on Tuesday, July 17th. The transportation company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.16. United Continental had a return on equity of 24.28% and a net margin of 5.23%. The firm had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.72 billion. During the same quarter in the prior year, the company earned $2.75 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts anticipate that United Continental Holdings Inc will post 8.13 EPS for the current year.
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.
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