Squarepoint Ops LLC boosted its holdings in United Continental Holdings Inc (NASDAQ:UAL) by 647.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,589 shares of the transportation company’s stock after purchasing an additional 286,389 shares during the quarter. Squarepoint Ops LLC owned about 0.12% of United Continental worth $27,680,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in UAL. Consulta Ltd bought a new stake in shares of United Continental in the 4th quarter valued at about $6,280,000. Arrowgrass Capital Partners US LP bought a new stake in shares of United Continental in the 4th quarter valued at about $4,187,000. Game Creek Capital LP raised its holdings in shares of United Continental by 24.8% in the 4th quarter. Game Creek Capital LP now owns 89,200 shares of the transportation company’s stock valued at $7,469,000 after purchasing an additional 17,700 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of United Continental by 49.6% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 303,300 shares of the transportation company’s stock valued at $25,395,000 after purchasing an additional 100,600 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.
Several equities research analysts have recently commented on UAL shares. Standpoint Research lowered shares of United Continental from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Macquarie set a $111.00 price target on shares of United Continental and gave the company a “buy” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Thursday, December 13th. Imperial Capital reduced their price target on shares of United Continental from $83.00 to $81.00 and set an “outperform” rating for the company in a report on Tuesday, December 11th. Finally, Argus started coverage on shares of United Continental in a report on Wednesday, January 30th. They issued a “buy” rating and a $101.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. United Continental has an average rating of “Buy” and a consensus price target of $100.88.
Shares of NASDAQ:UAL traded up $0.65 during trading on Tuesday, reaching $81.38. 366,820 shares of the stock were exchanged, compared to its average volume of 3,102,945. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.47 and a current ratio of 0.54. United Continental Holdings Inc has a 12-month low of $64.79 and a 12-month high of $97.85. The stock has a market capitalization of $21.53 billion, a P/E ratio of 8.91, a PEG ratio of 0.36 and a beta of 0.98.
United Continental (NASDAQ:UAL) last issued its earnings results on Tuesday, January 15th. The transportation company reported $2.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.57. The business had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.34 billion. United Continental had a return on equity of 27.73% and a net margin of 5.15%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. Analysts predict that United Continental Holdings Inc will post 11.27 earnings per share for the current year.
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United Continental Profile
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
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