Daiwa Securities Group Inc. grew its stake in United Continental Holdings Inc (NYSE:UAL) by 115.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,296 shares of the transportation company’s stock after acquiring an additional 6,592 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United Continental were worth $829,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Exane Derivatives boosted its holdings in United Continental by 373.7% in the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after acquiring an additional 1,461 shares in the last quarter. Deltec Asset Management LLC bought a new position in shares of United Continental during the fourth quarter valued at $203,000. Beach Investment Counsel Inc. PA bought a new position in shares of United Continental during the fourth quarter valued at $204,000. Zeke Capital Advisors LLC bought a new position in shares of United Continental during the third quarter valued at $230,000. Finally, Americafirst Capital Management LLC lifted its holdings in shares of United Continental by 299.4% during 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 in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.
United Continental Holdings Inc (NYSE:UAL) opened at $66.52 on Friday. United Continental Holdings Inc has a 1-year low of $56.51 and a 1-year high of $83.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.53. The firm has a market capitalization of $19,710.00, a PE ratio of 10.38 and a beta of 1.02.
United Continental (NYSE:UAL) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.45. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.41 billion. United Continental had a return on equity of 23.43% and a net margin of 5.65%. United Continental’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 earnings per share. equities research analysts forecast that United Continental Holdings Inc will post 7.43 EPS for the current year.
United Continental announced that its Board of Directors has approved a share repurchase program on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages have recently issued reports on UAL. Buckingham Research upped their price target on United Continental from $83.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Bank of America upped their price target on United Continental from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Morgan Stanley upped their price target on United Continental from $68.00 to $71.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Evercore ISI downgraded United Continental from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 24th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $74.00 price target (up from $64.00) on shares of United Continental in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $82.87.
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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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