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.
TRADEMARK VIOLATION NOTICE: This report was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/12/08/mml-investors-services-llc-buys-shares-of-4150-united-continental-holdings-inc-ual.html.
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.
Recommended Story: How Does the Quiet Period Work?
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.