United Continental Holdings Inc (NASDAQ:UAL) Shares Purchased by Profund Advisors LLC

Profund Advisors LLC boosted its position in United Continental Holdings Inc (NASDAQ:UAL) by 12.9% in the second quarter, Holdings Channel.com reports. The firm owned 22,464 shares of the transportation company’s stock after acquiring an additional 2,560 shares during the quarter. Profund Advisors LLC’s holdings in United Continental were worth $1,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Scotia Capital Inc. lifted its position in United Continental by 9.1% in the second quarter. Scotia Capital Inc. now owns 22,225 shares of the transportation company’s stock valued at $1,946,000 after purchasing an additional 1,851 shares during the period. APG Asset Management N.V. lifted its position in shares of United Continental by 59.5% during the 2nd quarter. APG Asset Management N.V. now owns 1,725,800 shares of the transportation company’s stock valued at $132,678,000 after acquiring an additional 643,900 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of United Continental during the 2nd quarter valued at approximately $21,888,000. MML Investors Services LLC lifted its position in shares of United Continental by 15.0% during the 2nd quarter. MML Investors Services LLC now owns 4,949 shares of the transportation company’s stock valued at $433,000 after acquiring an additional 644 shares during the period. Finally, H2O AM LLP lifted its position in shares of United Continental by 3.8% during the 2nd quarter. H2O AM LLP now owns 36,729 shares of the transportation company’s stock valued at $3,217,000 after acquiring an additional 1,336 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

UAL has been the subject of a number of research reports. Morgan Stanley upgraded shares of United Continental from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $101.00 to $110.00 in a research report on Monday, May 20th. Buckingham Research lifted their price target on shares of United Continental from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Zacks Investment Research upgraded shares of 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. Berenberg Bank initiated coverage on shares of United Continental in a research report on Friday, September 6th. They set a “hold” rating and a $95.00 price target for the company. Finally, Goldman Sachs Group upgraded shares of 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $101.72.

Shares of UAL traded up $1.97 during mid-day trading on Friday, reaching $91.35. 2,755,141 shares of the company’s stock were exchanged, compared to its average volume of 2,250,072. The company has a quick ratio of 0.49, a current ratio of 0.55 and a debt-to-equity ratio of 1.76. The company has a 50-day simple moving average of $86.52 and a two-hundred day simple moving average of $85.62. United Continental Holdings Inc has a 52-week low of $77.02 and a 52-week high of $97.85. The company has a market cap of $22.71 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.34 and a beta of 1.20.

United Continental (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.07 by $0.14. United Continental had a net margin of 6.22% and a return on equity of 29.33%. The business had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.37 billion. During the same period last year, the company posted $3.23 EPS. The company’s revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts predict that United Continental Holdings Inc will post 11.72 EPS for the current fiscal year.

In other United Continental news, Director Edward Shapiro acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $82.00 per share, with a total value of $820,000.00. Following the purchase, the director now directly owns 182,707 shares in the company, valued at approximately $14,981,974. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $467,400.00. Following the transaction, the chief operating officer now directly owns 17,087 shares of the company’s stock, valued at $1,597,292.76. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

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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