Meridian Wealth Management LLC acquired a new position in United Continental Holdings Inc (NYSE:UAL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,930 shares of the transportation company’s stock, valued at approximately $329,000.
Several other large investors have also added to or reduced their stakes in the company. Signet Investment Advisory Group Inc. acquired a new stake in United Continental during the fourth quarter valued at $25,000. Financial Gravity Companies Inc. acquired a new stake in United Continental during the fourth quarter valued at $26,000. Dubuque Bank & Trust Co. acquired a new stake in United Continental during the fourth quarter valued at $45,000. Point72 Hong Kong Ltd acquired a new stake in United Continental during the third quarter valued at $111,000. Finally, Parallel Advisors LLC grew its position in United Continental by 107.0% during the third quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock valued at $121,000 after buying an additional 703 shares during the period. Hedge funds and other institutional investors own 95.21% of the company’s stock.
Shares of NYSE UAL traded up $0.73 during trading on Monday, hitting $88.90. The company had a trading volume of 3,930 shares, compared to its average volume of 4,009,718. United Continental Holdings Inc has a fifty-two week low of $60.44 and a fifty-two week high of $97.85.
Several analysts recently commented on UAL shares. Barclays raised their price target on shares of United Continental from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, November 15th. Stephens upgraded shares of United Continental from an “equal weight” rating to an “overweight” rating and set a $112.00 price target on the stock in a research report on Thursday, October 18th. Imperial Capital raised their price target on shares of United Continental from $91.00 to $101.00 and gave the company an “inline” rating in a research report on Thursday, October 18th. Macquarie set a $111.00 price target on shares of United Continental and gave the company a “buy” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Thursday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $100.88.
In related news, Director Edward Shapiro bought 30,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average price of $92.57 per share, for a total transaction of $2,777,100.00. Following the completion of the transaction, the director now directly owns 152,707 shares in the company, valued at $14,136,086.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.
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United Continental Company Profile
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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