United Continental (UAL) Shares Gap Down to $83.76

United Continental Holdings Inc (NYSE:UAL) gapped down prior to trading on Thursday . The stock had previously closed at $86.79, but opened at $83.76. United Continental shares last traded at $81.37, with a volume of 7368072 shares traded.

A number of research firms have commented on UAL. Imperial Capital lifted their target price on shares of United Continental from $101.00 to $110.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 4th. Susquehanna Bancshares began coverage on shares of United Continental in a research report on Wednesday, November 28th. They issued a “neutral” rating and a $102.00 target price for the company. Morgan Stanley lifted their target price on shares of United Continental from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 14th. Goldman Sachs Group initiated coverage on shares of United Continental in a research report on Monday, November 12th. They issued a “neutral” rating and a $102.00 target price for the company. Finally, Zacks Investment Research reissued a “hold” rating on shares of United Continental in a research report on Saturday, November 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $99.47.

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

In other news, Director Edward Shapiro bought 25,000 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were bought at an average price of $92.92 per share, for a total transaction of $2,323,000.00. Following the purchase, the director now owns 152,707 shares in the company, valued at $14,189,534.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC purchased a new position in shares of United Continental during the 2nd quarter valued at $102,000. Point72 Hong Kong Ltd purchased a new position in shares of United Continental during the 3rd quarter valued at $111,000. Parallel Advisors LLC lifted its stake in shares of United Continental by 107.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock valued at $121,000 after buying an additional 703 shares in the last quarter. Ibex Investors LLC purchased a new position in shares of United Continental during the 3rd quarter valued at $205,000. Finally, IFM Investors Pty Ltd purchased a new position in shares of United Continental during the 3rd quarter valued at $217,000. Institutional investors own 95.21% of the company’s stock.

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About United Continental (NYSE:UAL)

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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