MML Investors Services LLC Buys Shares of 4,150 United Continental Holdings Inc (UAL)

MML Investors Services LLC bought a new position in United Continental Holdings Inc (NYSE:UAL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,150 shares of the transportation company’s stock, valued at approximately $370,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lansdowne Partners UK LLP acquired a new stake in United Continental in the second quarter worth $251,781,000. NuWave Investment Management LLC acquired a new stake in United Continental in the third quarter worth $743,000. BP PLC acquired a new stake in United Continental in the third quarter worth $801,000. Andra AP fonden increased its position in United Continental by 114.8% in the third quarter. Andra AP fonden now owns 62,500 shares of the transportation company’s stock worth $5,566,000 after buying an additional 33,400 shares during the period. Finally, Bank of Montreal Can increased its position in United Continental by 995.6% in the third quarter. Bank of Montreal Can now owns 961,261 shares of the transportation company’s stock worth $85,609,000 after buying an additional 873,525 shares during the period. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Edward Shapiro bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was acquired at an average price of $92.57 per share, with a total value of $2,777,100.00. Following the completion of the purchase, the director now directly owns 152,707 shares of the company’s stock, valued at approximately $14,136,086.99. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.32% of the company’s stock.

Several brokerages have weighed in on UAL. Stephens raised United Continental from an “equal weight” rating to an “overweight” rating and set a $112.00 target price on the stock in a research report on Thursday, October 18th. Buckingham Research dropped their target price on United Continental from $108.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, October 10th. Bank of America raised their price target on United Continental from $94.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Cowen reissued a “market perform” rating and set a $94.00 price target (up from $82.00) on shares of United Continental in a report on Wednesday, October 17th. Finally, Zacks Investment Research raised United Continental from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Monday, October 22nd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $103.75.

Shares of UAL opened at $88.23 on Friday. United Continental Holdings Inc has a one year low of $60.44 and a one year high of $97.85.

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

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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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