United Continental Holdings (UAL) Stake Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in United Continental Holdings (NYSE:UAL) by 3.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,004 shares of the transportation company’s stock after purchasing an additional 6,017 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.07% of United Continental worth $12,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in United Continental by 0.4% in the 4th quarter. BlackRock Inc. now owns 20,184,414 shares of the transportation company’s stock valued at $1,360,430,000 after purchasing an additional 73,200 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in United Continental by 74.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 5,600,156 shares of the transportation company’s stock valued at $389,043,000 after purchasing an additional 2,396,608 shares in the last quarter. LSV Asset Management increased its stake in United Continental by 1.6% in the 1st quarter. LSV Asset Management now owns 4,254,528 shares of the transportation company’s stock valued at $295,562,000 after purchasing an additional 65,500 shares in the last quarter. Cyrus Capital Partners L.P. increased its stake in United Continental by 18.4% in the 4th quarter. Cyrus Capital Partners L.P. now owns 3,133,622 shares of the transportation company’s stock valued at $211,206,000 after purchasing an additional 487,000 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in United Continental by 1,700.2% in the 4th quarter. Brandywine Global Investment Management LLC now owns 1,520,487 shares of the transportation company’s stock valued at $102,481,000 after purchasing an additional 1,436,026 shares in the last quarter. 97.92% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Edward Shapiro bought 50,000 shares of United Continental stock in a transaction that occurred on Thursday, May 10th. The shares were purchased at an average price of $65.86 per share, for a total transaction of $3,293,000.00. Following the completion of the acquisition, the director now owns 77,707 shares of the company’s stock, valued at $5,117,783.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gregory L. Hart sold 4,000 shares of United Continental stock in a transaction on Thursday, April 19th. The shares were sold at an average price of $70.62, for a total value of $282,480.00. Following the completion of the transaction, the chief operating officer now owns 24,279 shares in the company, valued at approximately $1,714,582.98. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Several research firms recently weighed in on UAL. Morgan Stanley raised their price objective on United Continental from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, March 19th. Evercore ISI downgraded United Continental from an “outperform” rating to an “in-line” rating in a research note on Wednesday, January 24th. JPMorgan Chase raised United Continental from an “underweight” rating to an “overweight” rating and set a $83.00 price objective for the company in a research note on Tuesday, January 30th. Zacks Investment Research downgraded United Continental from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Buckingham Research raised their price objective on United Continental from $83.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $85.94.

UAL stock opened at $69.74 on Thursday. United Continental Holdings has a 52-week low of $67.87 and a 52-week high of $69.71. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.52 and a current ratio of 0.58. The firm has a market cap of $18.48 billion, a PE ratio of 10.32 and a beta of 0.88.

United Continental (NYSE:UAL) last issued its earnings results on Tuesday, April 17th. The transportation company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.43. United Continental had a return on equity of 23.63% and a net margin of 5.69%. The firm had revenue of $9.03 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities research analysts predict that United Continental Holdings will post 7.89 EPS for the current fiscal year.

United Continental Profile

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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Continental Holdings (NYSE:UAL).

Institutional Ownership by Quarter for United Continental (NYSE:UAL)

Receive News & Ratings for United Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply