L & S Advisors Inc Takes $3.43 Million Position in United Continental Holdings Inc (NASDAQ:UAL)

L & S Advisors Inc purchased a new stake in shares of United Continental Holdings Inc (NASDAQ:UAL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 39,199 shares of the transportation company’s stock, valued at approximately $3,432,000.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in United Continental by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 26,437 shares of the transportation company’s stock valued at $2,315,000 after acquiring an additional 372 shares during the period. Teza Capital Management LLC bought a new position in United Continental in the second quarter valued at about $260,000. Artemis Investment Management LLP lifted its holdings in United Continental by 9.5% in the second quarter. Artemis Investment Management LLP now owns 380,125 shares of the transportation company’s stock valued at $33,224,000 after acquiring an additional 32,936 shares during the period. Partners Capital Investment Group LLP lifted its holdings in United Continental by 9.0% in the second quarter. Partners Capital Investment Group LLP now owns 68,488 shares of the transportation company’s stock valued at $5,996,000 after acquiring an additional 5,677 shares during the period. Finally, State of Tennessee Treasury Department lifted its holdings in United Continental by 11.9% in the first quarter. State of Tennessee Treasury Department now owns 174,659 shares of the transportation company’s stock valued at $13,935,000 after acquiring an additional 18,559 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

UAL has been the subject of a number of analyst reports. BidaskClub upgraded United Continental from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Friday, August 16th. Goldman Sachs Group upgraded United Continental from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Thursday, June 6th. Buckingham Research upped their price target on United Continental from $111.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Berenberg Bank initiated coverage on United Continental in a research report on Friday, September 6th. They issued a “hold” rating and a $95.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $101.72.

In other news, COO Gregory L. Hart sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $93.48, for a total value of $467,400.00. Following the completion of the sale, the chief operating officer now directly owns 17,087 shares of the company’s stock, valued at approximately $1,597,292.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carolyn Corvi sold 1,032 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $86.37, for a total value of $89,133.84. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:UAL traded up $0.98 during trading on Friday, hitting $90.36. 26,016 shares of the company’s stock were exchanged, compared to its average volume of 2,291,037. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.55 and a quick ratio of 0.49. United Continental Holdings Inc has a 52-week low of $77.02 and a 52-week high of $97.85. The business’s 50-day simple moving average is $86.59 and its 200 day simple moving average is $85.61. The company has a market cap of $22.50 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.34 and a beta of 1.20.

United Continental (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $4.07 by $0.14. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The company had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.37 billion. During the same period in the prior year, the company earned $3.23 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that United Continental Holdings Inc will post 11.72 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for United Continental (NASDAQ:UAL)

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