Timber Hill LLC bought a new position in shares of United Continental Holdings Inc (NYSE:UAL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 30,374 shares of the transportation company’s stock, valued at approximately $2,047,000.
A number of other hedge funds also recently made changes to their positions in UAL. Point72 Asset Management L.P. acquired a new stake in United Continental during the 3rd quarter worth approximately $28,887,000. Thompson Siegel & Walmsley LLC raised its holdings in United Continental by 76.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 994,843 shares of the transportation company’s stock worth $60,566,000 after buying an additional 431,002 shares during the period. Westfield Capital Management Co. LP raised its holdings in United Continental by 28.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,738,886 shares of the transportation company’s stock worth $105,863,000 after buying an additional 380,410 shares during the period. Canada Pension Plan Investment Board raised its holdings in United Continental by 78.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 766,432 shares of the transportation company’s stock worth $46,660,000 after buying an additional 337,000 shares during the period. Finally, Rockefeller Financial Services Inc. raised its holdings in United Continental by 31.2% during the 4th quarter. Rockefeller Financial Services Inc. now owns 1,210,515 shares of the transportation company’s stock worth $81,589,000 after buying an additional 287,842 shares during the period. Hedge funds and other institutional investors own 94.79% of the company’s stock.
Several analysts have commented on the stock. Zacks Investment Research downgraded shares of United Continental from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Imperial Capital restated an “in-line” rating and set a $74.00 target price (up from $64.00) on shares of United Continental in a report on Thursday, January 11th. Bank of America raised their target price on shares of United Continental from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Sanford C. Bernstein restated an “outperform” rating on shares of United Continental in a report on Wednesday, January 24th. Finally, Buckingham Research raised their target price 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $82.87.
United Continental Holdings Inc (NYSE:UAL) opened at $66.57 on Wednesday. The firm has a market cap of $19,706.71, a price-to-earnings ratio of 9.42 and a beta of 1.02. United Continental Holdings Inc has a fifty-two week low of $56.51 and a fifty-two week high of $83.04. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37.
United Continental (NYSE:UAL) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.45. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.41 billion. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 earnings per share. analysts anticipate that United Continental Holdings Inc will post 7.43 EPS for the current year.
United Continental declared that its Board of Directors has authorized a share buyback 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 repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are 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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