Marianas Fund Management LLC raised its position in United Continental Holdings, Inc. (NYSE:UAL) by 64.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,800 shares of the transportation company’s stock after purchasing an additional 32,100 shares during the period. United Continental comprises about 8.6% of Marianas Fund Management LLC’s investment portfolio, making the stock its 6th largest position. Marianas Fund Management LLC’s holdings in United Continental were worth $4,980,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Caxton Associates LP increased its position in United Continental by 25.0% during the 3rd quarter. Caxton Associates LP now owns 7,000 shares of the transportation company’s stock worth $426,000 after purchasing an additional 1,400 shares in the last quarter. Vident Investment Advisory LLC increased its position in United Continental by 3.9% during the 3rd quarter. Vident Investment Advisory LLC now owns 42,906 shares of the transportation company’s stock worth $2,612,000 after purchasing an additional 1,609 shares in the last quarter. KSA Capital Management LLC acquired a new stake in United Continental during the 3rd quarter worth approximately $609,000. Partners Capital Investment Group Holdings LLC acquired a new stake in United Continental during the 3rd quarter worth approximately $604,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in United Continental by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 232,500 shares of the transportation company’s stock worth $14,214,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors own 95.92% of the company’s stock.
Shares of United Continental Holdings, Inc. (NYSE UAL) traded up $1.34 on Friday, reaching $63.53. The company had a trading volume of 3,790,500 shares, compared to its average volume of 4,368,528. United Continental Holdings, Inc. has a 52-week low of $56.51 and a 52-week high of $83.04. The company has a market capitalization of $18,820.00, a PE ratio of 8.70, a PEG ratio of 1.60 and a beta of 1.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.53.
United Continental (NYSE:UAL) last announced its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The firm had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. During the same period last year, the business posted $3.11 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. sell-side analysts predict that United Continental Holdings, Inc. will post 6.31 EPS for the current year.
United Continental announced that its board has initiated a share repurchase plan on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
A number of analysts recently issued reports on the stock. Citigroup increased their target price on shares of United Continental from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Cowen reaffirmed a “market perform” rating and issued a $70.00 price objective (up previously from $63.00) on shares of United Continental in a research report on Thursday, October 12th. Morgan Stanley lowered their price objective on shares of 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. Wolfe Research raised shares of United Continental to an “outperform” rating and lowered their price objective for the company from $97.00 to $95.00 in a research report on Sunday, August 20th. Finally, Zacks Investment Research downgraded shares of United Continental from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $77.63.
In related news, Director Edward Shapiro bought 15,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the purchase, the director now owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert A. Milton bought 1,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was bought at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the purchase, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.
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United Continental 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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