CI Global Investments Inc. acquired a new stake in United Continental Holdings, Inc. (NYSE:UAL) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 245,688 shares of the transportation company’s stock, valued at approximately $18,488,000. CI Global Investments Inc. owned approximately 0.08% of United Continental Holdings at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. raised its holdings in United Continental Holdings by 10.4% in the 1st quarter. NN Investment Partners Holdings N.V. now owns 184,918 shares of the transportation company’s stock worth $13,063,000 after purchasing an additional 17,420 shares during the period. Pacad Investment Ltd. bought a new position in United Continental Holdings in the 2nd quarter worth $3,306,000. Renaissance Technologies LLC bought a new position in United Continental Holdings in the 1st quarter worth $19,240,000. Independent Advisor Alliance raised its holdings in United Continental Holdings by 29.1% in the 1st quarter. Independent Advisor Alliance now owns 4,256 shares of the transportation company’s stock worth $298,000 after purchasing an additional 959 shares during the period. Finally, Stifel Financial Corp raised its holdings in United Continental Holdings by 10.2% in the 1st quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock worth $463,000 after purchasing an additional 606 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
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United Continental Holdings, Inc. (NYSE:UAL) traded down 2.37% during mid-day trading on Friday, hitting $59.80. 10,105,064 shares of the stock traded hands. The stock has a 50-day moving average price of $64.14 and a 200-day moving average price of $71.77. United Continental Holdings, Inc. has a 12 month low of $49.28 and a 12 month high of $83.04. The stock has a market cap of $18.19 billion, a P/E ratio of 8.26 and a beta of 1.06. United Continental Holdings also was the target of unusually large options trading on Thursday. Stock investors bought 1,399 call options on the company. This represents an increase of 115% compared to the typical daily volume of 650 call options.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.44. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. United Continental Holdings’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $2.61 earnings per share. On average, equities analysts forecast that United Continental Holdings, Inc. will post $6.71 earnings per share for the current year.
A number of brokerages recently commented on UAL. J P Morgan Chase & Co cut United Continental Holdings from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $84.00 to $68.00 in a report on Friday. Barclays PLC reiterated a “buy” rating and issued a $90.00 price target on shares of United Continental Holdings in a research note on Thursday. Citigroup Inc. reiterated a “neutral” rating and issued a $68.00 price target (down previously from $85.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Stephens reiterated an “equal weight” rating and issued a $65.00 price target (down previously from $80.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Finally, Morgan Stanley restated an “equal weight” rating and set a $71.00 price objective (down previously from $72.00) on shares of United Continental Holdings in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $81.92.
United Continental Holdings Company Profile
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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