Livforsakringsbolaget Skandia Omsesidigt lessened its position in United Continental Holdings Inc (NYSE:UAL) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,188 shares of the transportation company’s stock after selling 3,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in United Continental were worth $3,450,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exane Derivatives lifted its position in shares of United Continental by 373.7% in the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 1,461 shares in the last quarter. Sun Life Financial INC raised its position in United Continental by 18,645.5% in the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 2,051 shares during the period. Institute for Wealth Management LLC. purchased a new stake in United Continental in the second quarter valued at $208,000. Zeke Capital Advisors LLC purchased a new stake in United Continental in the third quarter valued at $230,000. Finally, Americafirst Capital Management LLC raised its position in United Continental by 299.4% in the third quarter. Americafirst Capital Management LLC now owns 4,270 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 3,201 shares during the period. Institutional investors and hedge funds own 95.70% of the company’s stock.
In other news, Director Robert A. Milton acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was acquired at an average cost of $58.60 per share, with a total value of $58,600.00. Following the completion of the purchase, the director now owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.
UAL has been the topic of a number of research analyst reports. Citigroup lifted their target price on United Continental from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Bank of America restated a “buy” rating and issued a $84.00 target price (down previously from $85.00) on shares of United Continental in a research report on Tuesday, October 10th. Evercore ISI upgraded United Continental from an “in-line” rating to an “outperform” rating and set a $68.00 target price on the stock in a research report on Wednesday, October 25th. Stifel Nicolaus restated a “buy” rating and issued a $100.00 target price (down previously from $110.00) on shares of United Continental in a research report on Friday, October 20th. Finally, JPMorgan Chase & Co. downgraded United Continental from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $68.00 to $60.00 in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $81.69.
Shares of United Continental Holdings Inc (UAL) opened at $76.30 on Friday. United Continental Holdings Inc has a one year low of $56.51 and a one year high of $83.04. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $22,600.00, a price-to-earnings ratio of 11.04 and a beta of 1.05.
United Continental (NYSE:UAL) last issued its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.87 billion. During the same period in the previous year, the firm posted $3.11 earnings per share. The company’s revenue was down .4% on a year-over-year basis. sell-side analysts predict that United Continental Holdings Inc will post 6.66 EPS for the current fiscal year.
United Continental declared that its board has approved a stock buyback program on Thursday, December 7th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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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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