Guggenheim Capital LLC trimmed its holdings in shares of United Continental Holdings (NYSE:UAL) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 858,833 shares of the transportation company’s stock after selling 134,354 shares during the period. Guggenheim Capital LLC owned about 0.29% of United Continental worth $57,884,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of UAL. Advisors Preferred LLC boosted its position in United Continental by 1,100.8% during the fourth quarter. Advisors Preferred LLC now owns 1,513 shares of the transportation company’s stock valued at $102,000 after buying an additional 1,387 shares during the period. Focused Wealth Management Inc purchased a new stake in United Continental during the fourth quarter valued at about $135,000. Deltec Asset Management LLC purchased a new stake in United Continental during the fourth quarter valued at about $203,000. Beach Investment Counsel Inc. PA purchased a new stake in United Continental during the fourth quarter valued at about $204,000. Finally, Wetherby Asset Management Inc. purchased a new stake in shares of United Continental during the fourth quarter worth about $208,000. Institutional investors and hedge funds own 95.28% of the company’s stock.
In other United Continental news, Director Edward Shapiro bought 25,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average price of $70.65 per share, with a total value of $1,766,250.00. Following the completion of the purchase, the director now owns 37,707 shares of the company’s stock, valued at $2,663,999.55. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on UAL. Morgan Stanley set a $80.00 target price on shares of United Continental and gave the stock a “hold” rating in a report on Friday. Stephens set a $76.00 target price on shares of United Continental and gave the stock a “hold” rating in a report on Thursday, March 29th. Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Wednesday, March 28th. Bank of America set a $83.00 target price on shares of United Continental and gave the stock a “buy” rating in a report on Tuesday, March 6th. Finally, ValuEngine upgraded shares of United Continental from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $84.18.
UAL stock opened at $68.63 on Friday. United Continental Holdings has a 1 year low of $56.51 and a 1 year high of $83.04. The stock has a market capitalization of $19,926.19, a P/E ratio of 10.15 and a beta of 0.87. The company has a quick ratio of 0.49, a current ratio of 0.56 and a debt-to-equity ratio of 1.44.
United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.45. United Continental had a net margin of 5.65% and a return on equity of 23.40%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. United Continental’s revenue was up 4.3% on a year-over-year basis. equities analysts anticipate that United Continental Holdings will post 7.78 earnings per share for the current fiscal year.
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About United Continental
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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