Voloridge Investment Management LLC purchased a new position in United Continental Holdings Inc (NASDAQ:UAL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 35,891 shares of the transportation company’s stock, valued at approximately $3,173,000.
Several other institutional investors have also bought and sold shares of UAL. Price T Rowe Associates Inc. MD boosted its position in United Continental by 16.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,266,464 shares of the transportation company’s stock valued at $1,073,929,000 after purchasing an additional 1,690,744 shares during the period. Nuveen Asset Management LLC lifted its stake in United Continental by 318.3% in the second quarter. Nuveen Asset Management LLC now owns 1,819,233 shares of the transportation company’s stock valued at $159,274,000 after buying an additional 1,384,330 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of United Continental by 59.5% during the second 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. Calamos Advisors LLC acquired a new position in shares of United Continental during the second quarter valued at $53,183,000. Finally, Banco Santander S.A. bought a new position in shares of United Continental during the third quarter worth about $25,885,000. Institutional investors own 98.73% of the company’s stock.
In related news, Director Carolyn Corvi sold 1,024 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $88.85, for a total transaction of $90,982.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 4,085 shares of company stock worth $366,237 in the last quarter. Company insiders own 0.40% of the company’s stock.
A number of analysts recently weighed in on the stock. Credit Suisse Group increased their price objective on shares of United Continental from $117.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Cowen set a $96.00 target price on shares of United Continental and gave the company a “hold” rating in a research note on Friday, October 11th. UBS Group began coverage on shares of United Continental in a research report on Tuesday, November 12th. They issued a “buy” rating and a $110.00 target price for the company. Goldman Sachs Group set a $128.00 target price on shares of United Continental and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of United Continental in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $103.86.
UAL stock opened at $91.63 on Tuesday. The company has a market capitalization of $23.19 billion, a P/E ratio of 10.04, a PEG ratio of 0.38 and a beta of 1.14. The company has a 50-day simple moving average of $91.65 and a 200 day simple moving average of $87.87. United Continental Holdings Inc has a fifty-two week low of $77.02 and a fifty-two week high of $97.85. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.60.
United Continental (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $4.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.97 by $0.10. United Continental had a net margin of 6.60% and a return on equity of 30.06%. The firm had revenue of $11.38 billion for the quarter, compared to analysts’ expectations of $11.43 billion. During the same quarter last year, the company earned $3.06 EPS. United Continental’s quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that United Continental Holdings Inc will post 12.01 EPS for the current year.
About United Continental
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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