Exxonmobil Investment Management Inc. TX lessened its stake in United Continental Holdings Inc (NYSE:UAL) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,040 shares of the transportation company’s stock after selling 7,182 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in United Continental were worth $2,699,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in UAL. Americafirst Capital Management LLC grew 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 worth $260,000 after acquiring an additional 3,201 shares in the last quarter. California Public Employees Retirement System grew its position in United Continental by 2.1% in the third quarter. California Public Employees Retirement System now owns 722,299 shares of the transportation company’s stock worth $43,974,000 after acquiring an additional 14,899 shares in the last quarter. Virtu Financial LLC bought a new stake in United Continental in the third quarter worth approximately $377,000. Janney Montgomery Scott LLC boosted its holdings in shares of United Continental by 18.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,297 shares of the transportation company’s stock worth $1,236,000 after buying an additional 3,180 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of United Continental by 73.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 174,195 shares of the transportation company’s stock worth $10,605,000 after buying an additional 73,517 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.
Several research firms recently issued reports on UAL. Imperial Capital decreased their price objective on shares of United Continental from $63.00 to $57.00 and set an “in-line” rating for the company in a report on Friday, October 20th. Buckingham Research upped their price objective on shares of United Continental from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Evercore ISI downgraded shares of United Continental from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 24th. TheStreet upgraded shares of United Continental from a “c+” rating to a “b” rating in a research note on Thursday, December 7th. Finally, ValuEngine upgraded shares of United Continental from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $83.47.
Shares of United Continental Holdings Inc (UAL) traded down $2.28 during trading on Monday, hitting $63.40. 5,405,560 shares of the company were exchanged, compared to its average volume of 5,570,000. The firm has a market cap of $18,780.00, a PE ratio of 8.97 and a beta of 1.02. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. United Continental Holdings Inc has a 1-year low of $56.51 and a 1-year high of $83.04.
United Continental (NYSE:UAL) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.45. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The company’s revenue was up 4.3% on a year-over-year basis. equities analysts predict that United Continental Holdings Inc will post 7.42 EPS for the current year.
United Continental declared that its board has authorized a stock repurchase program on Thursday, December 7th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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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