Sciencast Management LP bought a new stake in United Continental Holdings Inc (NASDAQ:UAL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,100 shares of the transportation company’s stock, valued at approximately $2,528,000. United Continental comprises 0.9% of Sciencast Management LP’s portfolio, making the stock its 7th largest position.
Other institutional investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in shares of United Continental during the first quarter valued at about $30,000. Beech Hill Advisors Inc. boosted its stake in shares of United Continental by 26.4% during the first quarter. Beech Hill Advisors Inc. now owns 4,075 shares of the transportation company’s stock valued at $325,000 after purchasing an additional 850 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of United Continental during the first quarter valued at about $332,000. MML Investors Services LLC boosted its stake in shares of United Continental by 8.1% during the fourth quarter. MML Investors Services LLC now owns 4,486 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 336 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of United Continental during the fourth quarter valued at about $379,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.
A number of brokerages have recently commented on UAL. BidaskClub raised United Continental from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered United Continental from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. ValuEngine lowered United Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Standpoint Research lowered United Continental from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, Vertical Research started coverage on United Continental in a research note on Monday, February 4th. They issued a “buy” rating and a $103.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $100.88.
United Continental stock traded down $1.18 during trading on Monday, hitting $84.31. 97,383 shares of the company were exchanged, compared to its average volume of 2,984,034. United Continental Holdings Inc has a 52 week low of $65.45 and a 52 week high of $97.85. The company has a market capitalization of $22.64 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.40 and a beta of 0.96. The company has a current ratio of 0.54, a quick ratio of 0.47 and a debt-to-equity ratio of 1.34.
United Continental (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 15th. The transportation company reported $2.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.57. United Continental had a return on equity of 27.73% and a net margin of 5.15%. The business had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.34 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. United Continental’s revenue was up 11.0% compared to the same quarter last year. On average, analysts predict that United Continental Holdings Inc will post 11.13 EPS for the current year.
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United Continental Company 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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