Regentatlantic Capital LLC boosted its position in United Continental Holdings, Inc. (NYSE:UAL) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,105 shares of the transportation company’s stock after buying an additional 1,995 shares during the period. Regentatlantic Capital LLC’s holdings in United Continental Holdings were worth $2,320,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in United Continental Holdings by 4.3% in the second quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock valued at $1,708,664,000 after buying an additional 930,321 shares during the period. Janus Henderson Group PLC lifted its holdings in United Continental Holdings by 30,735.3% in the second quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock valued at $523,519,000 after buying an additional 6,934,500 shares during the period. Boston Partners lifted its holdings in United Continental Holdings by 37.7% in the second quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock valued at $364,214,000 after buying an additional 1,324,894 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in United Continental Holdings by 33.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock valued at $160,585,000 after buying an additional 656,990 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in United Continental Holdings in the third quarter valued at $121,305,000. Institutional investors and hedge funds own 99.08% of the company’s stock.
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In other news, Director Robert A. Milton purchased 1,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was acquired at an average price of $58.60 per share, with a total value of $58,600.00. Following the transaction, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward Shapiro bought 15,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $59.87 per share, with a total value of $898,050.00. Following the completion of the transaction, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of United Continental Holdings from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. J P Morgan Chase & Co downgraded shares of United Continental Holdings from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $68.00 to $60.00 in a research note on Wednesday, November 1st. Evercore ISI raised shares of United Continental Holdings from an “in-line” rating to an “outperform” rating and set a $68.00 price target for the company in a research note on Wednesday, October 25th. Atlantic Securities reissued a “neutral” rating and set a $100.00 target price (up from $58.87) on shares of United Continental Holdings in a research report on Tuesday, October 24th. Finally, Wolfe Research downgraded shares of United Continental Holdings from an “outperform” rating to a “hold” rating in a research report on Friday, October 20th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $77.63.
Shares of United Continental Holdings, Inc. (UAL) traded down $0.71 during trading hours on Tuesday, hitting $57.81. 4,479,900 shares of the stock were exchanged, compared to its average volume of 4,416,986. The company has a market cap of $17,336.69, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.51 and a beta of 1.02. United Continental Holdings, Inc. has a 1 year low of $57.34 and a 1 year high of $83.04. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. United Continental Holdings had a net margin of 5.22% and a return on equity of 25.26%. The firm had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.87 billion. During the same quarter in the prior year, the firm earned $3.11 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. research analysts forecast that United Continental Holdings, Inc. will post 6.33 earnings per share for the current fiscal year.
About United Continental Holdings
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
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