New Mexico Educational Retirement Board grew its stake in United Continental Holdings Inc (NYSE:UAL) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,900 shares of the transportation company’s stock after acquiring an additional 1,400 shares during the period. New Mexico Educational Retirement Board’s holdings in United Continental were worth $1,678,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of United Continental in the 4th quarter valued at approximately $354,000. Sentry Investment Management LLC raised its stake in shares of United Continental by 2.4% in the 4th quarter. Sentry Investment Management LLC now owns 76,540 shares of the transportation company’s stock valued at $5,159,000 after acquiring an additional 1,791 shares during the period. First Dallas Securities Inc. raised its stake in shares of United Continental by 29.0% in the 4th quarter. First Dallas Securities Inc. now owns 10,675 shares of the transportation company’s stock valued at $719,000 after acquiring an additional 2,400 shares during the period. Wealthstreet Investment Advisors LLC purchased a new stake in United Continental during the 4th quarter worth approximately $236,000. Finally, Daiwa Securities Group Inc. increased its stake in United Continental by 115.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,296 shares of the transportation company’s stock worth $829,000 after buying an additional 6,592 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.
United Continental Holdings Inc (UAL) opened at $66.52 on Monday. 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 stock has a market cap of $19,710.00, a PE ratio of 10.38 and a beta of 1.02. United Continental Holdings Inc has a twelve month low of $56.51 and a twelve month high of $83.04.
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 the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $9.41 billion. During the same period last year, the firm posted $1.78 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. analysts forecast that United Continental Holdings Inc will post 7.43 earnings per share for the current fiscal year.
United Continental declared that its board has authorized a stock buyback plan on Thursday, December 7th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Several brokerages recently weighed in on UAL. Buckingham Research upped their target price on shares of United Continental from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Bank of America increased their price objective on shares of United Continental from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Morgan Stanley increased their price objective on shares of United Continental from $68.00 to $71.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Evercore ISI downgraded shares of United Continental from an “outperform” rating to an “in-line” rating in a research report on Wednesday, January 24th. Finally, Imperial Capital reissued an “in-line” rating and issued a $74.00 price objective (up from $64.00) on shares of United Continental in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price 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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