Dynamic Technology Lab Private Ltd reduced its stake in United Continental Holdings Inc (NYSE:UAL) by 47.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,505 shares of the transportation company’s stock after selling 4,981 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in United Continental were worth $490,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lansdowne Partners UK LLP acquired a new stake in shares of United Continental in the second quarter valued at $251,781,000. NuWave Investment Management LLC acquired a new stake in United Continental in the third quarter valued at $743,000. BP PLC acquired a new stake in United Continental in the third quarter valued at $801,000. Andra AP fonden raised its stake in United Continental by 114.8% in the third quarter. Andra AP fonden now owns 62,500 shares of the transportation company’s stock valued at $5,566,000 after buying an additional 33,400 shares in the last quarter. Finally, Aperio Group LLC raised its stake in United Continental by 2.1% in the third quarter. Aperio Group LLC now owns 139,483 shares of the transportation company’s stock valued at $12,422,000 after buying an additional 2,823 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.
UAL opened at $86.21 on Tuesday. 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 posted its earnings results on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.01). The firm had revenue of $11 billion during the quarter, compared to analyst estimates of $10.95 billion. During the same quarter in the prior year, the business earned $2.22 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis.
In other news, Director Edward Shapiro bought 25,000 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were acquired at an average price of $92.92 per share, for a total transaction of $2,323,000.00. Following the completion of the transaction, the director now owns 152,707 shares of the company’s stock, valued at $14,189,534.44. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by insiders.
A number of analysts have weighed in on UAL shares. Buckingham Research raised their price target on United Continental from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, October 17th. Citigroup raised their price target on United Continental from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 17th. Deutsche Bank upgraded United Continental from a “hold” rating to a “buy” rating and raised their price target for the company from $91.00 to $100.00 in a research note on Wednesday, October 17th. Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Monday, October 1st. Finally, Bank of America raised their price target on United Continental from $94.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 10th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $102.06.
About United Continental
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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