United Continental Holdings Inc (UAL) Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP raised its stake in United Continental Holdings Inc (NYSE:UAL) by 41.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,743 shares of the transportation company’s stock after buying an additional 15,235 shares during the period. Engineers Gate Manager LP’s holdings in United Continental were worth $4,608,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of United Continental by 107.0% in the 3rd quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock worth $121,000 after buying an additional 703 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of United Continental by 0.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 110,860 shares of the transportation company’s stock worth $9,873,000 after buying an additional 851 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of United Continental by 7.7% in the 2nd quarter. LS Investment Advisors LLC now owns 12,077 shares of the transportation company’s stock worth $842,000 after buying an additional 865 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of United Continental by 2.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 36,030 shares of the transportation company’s stock worth $2,511,000 after buying an additional 879 shares during the last quarter. Finally, E&G Advisors LP increased its holdings in shares of United Continental by 5.6% in the 2nd quarter. E&G Advisors LP now owns 17,000 shares of the transportation company’s stock worth $1,185,000 after buying an additional 900 shares during the last quarter. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on UAL. Barclays decreased their price target on shares of United Continental from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, July 16th. Zacks Investment Research cut shares of United Continental from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Imperial Capital upped their price objective on shares of United Continental from $73.00 to $85.00 and gave the company an “inline” rating in a research note on Thursday, July 19th. Buckingham Research upped their price objective on shares of United Continental from $96.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, July 19th. Finally, JPMorgan Chase & Co. cut shares of United Continental from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $98.00 to $95.00 in a research note on Tuesday, October 30th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $100.38.

Shares of United Continental stock opened at $88.68 on Friday. United Continental Holdings Inc has a 52-week low of $56.51 and a 52-week high of $91.39.

United Continental (NYSE:UAL) last announced its quarterly earnings data on Tuesday, October 16th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.01). The firm had revenue of $11 billion for the quarter, compared to the consensus estimate of $10.95 billion. During the same period last year, the business earned $2.22 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year.

United Continental Company 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.

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

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