Trustmark National Bank Trust Department trimmed its holdings in shares of United Continental Holdings, Inc. (NYSE:UAL) by 14.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,970 shares of the transportation company’s stock after selling 2,540 shares during the period. Trustmark National Bank Trust Department’s holdings in United Continental were worth $912,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. South Dakota Investment Council grew its position in shares of United Continental by 10.3% during the 3rd quarter. South Dakota Investment Council now owns 491,013 shares of the transportation company’s stock valued at $29,893,000 after buying an additional 45,800 shares during the last quarter. LMR Partners LLP grew its position in United Continental by 2,907.3% in the 3rd quarter. LMR Partners LLP now owns 119,298 shares of the transportation company’s stock worth $7,262,000 after purchasing an additional 115,331 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of United Continental by 10.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 23,084 shares of the transportation company’s stock worth $1,405,000 after acquiring an additional 2,190 shares during the period. Welch Capital Partners LLC NY lifted its stake in shares of United Continental by 25.8% in the 3rd quarter. Welch Capital Partners LLC NY now owns 91,200 shares of the transportation company’s stock worth $5,552,000 after acquiring an additional 18,690 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its stake in United Continental by 76.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 994,843 shares of the transportation company’s stock valued at $60,566,000 after purchasing an additional 431,002 shares during the last quarter. 95.92% of the stock is owned by institutional investors and hedge funds.
In other news, Director Robert A. Milton bought 1,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was acquired at an average price of $58.60 per share, with a total value of $58,600.00. Following the transaction, the director now owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Edward Shapiro purchased 15,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were acquired at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the acquisition, the director now directly owns 27,707 shares in the company, valued at approximately $1,658,818.09. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.
Several equities research analysts recently commented on UAL shares. Morgan Stanley restated an “equal weight” rating and issued a $71.00 price target (down previously from $72.00) on shares of United Continental in a research report on Friday, September 1st. Citigroup increased their price target on shares of United Continental from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Bank of America restated a “buy” rating and set a $84.00 price target (down previously from $85.00) on shares of United Continental in a research note on Tuesday, October 10th. Evercore ISI raised shares of United Continental from an “in-line” rating to an “outperform” rating and set a $68.00 price objective for the company in a report on Wednesday, October 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price objective (down from $110.00) on shares of United Continental in a report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. United Continental has an average rating of “Hold” and a consensus target price of $77.63.
United Continental Holdings, Inc. (NYSE:UAL) traded up $0.02 during trading hours on Tuesday, hitting $62.59. 5,054,300 shares of the company’s stock traded hands, compared to its average volume of 4,383,990. 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 capitalization of $18,536.51, a P/E ratio of 8.75, a P/E/G ratio of 1.61 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The business had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.87 billion. United Continental had a net margin of 5.22% and a return on equity of 25.26%. United Continental’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.11 earnings per share. equities research analysts expect that United Continental Holdings, Inc. will post 6.31 earnings per share for the current year.
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United Continental Company Profile
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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