Securian Asset Management Inc lessened its position in shares of United Continental Holdings Inc (NASDAQ:UAL) by 0.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 22,838 shares of the transportation company’s stock after selling 200 shares during the quarter. Securian Asset Management Inc’s holdings in United Continental were worth $1,822,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UAL. Norges Bank purchased a new position in shares of United Continental in the 4th quarter worth approximately $86,113,000. Assenagon Asset Management S.A. boosted its holdings in shares of United Continental by 9,745.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 534,016 shares of the transportation company’s stock worth $42,604,000 after purchasing an additional 528,592 shares during the period. APG Asset Management N.V. boosted its holdings in shares of United Continental by 708.2% in the 4th quarter. APG Asset Management N.V. now owns 523,700 shares of the transportation company’s stock worth $38,358,000 after purchasing an additional 458,900 shares during the period. Geode Capital Management LLC boosted its holdings in shares of United Continental by 10.8% in the 4th quarter. Geode Capital Management LLC now owns 3,394,764 shares of the transportation company’s stock worth $283,895,000 after purchasing an additional 331,999 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of United Continental by 647.9% during the 4th quarter. Squarepoint Ops LLC now owns 330,589 shares of the transportation company’s stock worth $27,680,000 after acquiring an additional 286,389 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.
In other United Continental news, COO Gregory L. Hart sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $89.66, for a total transaction of $448,300.00. Following the sale, the chief operating officer now owns 22,087 shares in the company, valued at approximately $1,980,320.42. 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 currently owned by insiders.
United Continental (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.21. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.62 billion. United Continental had a return on equity of 28.41% and a net margin of 5.43%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. On average, research analysts forecast that United Continental Holdings Inc will post 11.12 earnings per share for the current year.
UAL has been the subject of several recent research reports. Imperial Capital lowered United Continental from an “in-line” rating to an “underperform” rating and reduced their price target for the stock from $110.00 to $73.00 in a research report on Wednesday, January 9th. JPMorgan Chase & Co. upgraded United Continental from a “neutral” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Thursday, January 10th. Cowen restated a “market perform” rating and set a $99.00 target price (up from $94.00) on shares of United Continental in a research note on Thursday, January 17th. Macquarie set a $111.00 target price on United Continental and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Finally, Argus initiated coverage on United Continental in a research note on Wednesday, January 30th. They set a “buy” rating and a $101.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $101.41.
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United Continental 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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