Migdal Insurance & Financial Holdings Ltd. Purchases New Holdings in United Continental Holdings, Inc. (UAL)

Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of United Continental Holdings, Inc. (NYSE:UAL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 158,887 shares of the transportation company’s stock, valued at approximately $9,673,000. Migdal Insurance & Financial Holdings Ltd. owned about 0.05% of United Continental Holdings at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC increased its holdings in shares of United Continental Holdings by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after buying an additional 13 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of United Continental Holdings during the 1st quarter worth approximately $122,000. Exane Derivatives increased its holdings in shares of United Continental Holdings by 373.7% during the 3rd quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after buying an additional 1,461 shares during the last quarter. Sun Life Financial INC increased its holdings in shares of United Continental Holdings by 18,645.5% during the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after buying an additional 2,051 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in United Continental Holdings in the 2nd quarter valued at approximately $181,000. Institutional investors and hedge funds own 97.67% of the company’s stock.

Several research firms recently weighed in on UAL. Zacks Investment Research upgraded shares of United Continental Holdings from a “sell” rating to a “hold” rating in a report on Thursday. J P Morgan Chase & Co downgraded shares of United Continental Holdings from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $68.00 to $60.00 in a report on Wednesday, November 1st. Evercore ISI upgraded shares of United Continental Holdings from an “in-line” rating to an “outperform” rating and set a $68.00 target price for the company in a report on Wednesday, October 25th. Atlantic Securities reiterated a “neutral” rating and issued a $100.00 target price (up previously from $58.87) on shares of United Continental Holdings in a report on Tuesday, October 24th. Finally, Wolfe Research downgraded shares of United Continental Holdings from an “outperform” rating to a “hold” rating in a report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $77.63.

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In related news, Director Robert A. Milton purchased 1,000 shares of United Continental Holdings stock in a transaction that occurred on Tuesday, October 24th. The stock was purchased at an average cost of $58.60 per share, with a total value of $58,600.00. Following the completion of the transaction, the director now directly owns 6,176 shares in the company, valued at $361,913.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Shapiro purchased 15,000 shares of United Continental Holdings stock in a transaction that occurred on 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 of the company’s stock, valued at $1,658,818.09. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

United Continental Holdings, Inc. (NYSE UAL) traded up $0.13 during trading on Friday, hitting $58.52. 3,179,900 shares of the stock traded hands, compared to its average volume of 4,416,697. The stock has a market cap of $17,298.18, a PE ratio of 8.17, a P/E/G ratio of 1.50 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 current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37.

United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.87 billion. During the same period in the previous year, the company earned $3.11 earnings per share. United Continental Holdings’s quarterly revenue was down .4% compared to the same quarter last year. sell-side analysts expect that United Continental Holdings, Inc. will post 6.33 earnings per share for the current year.

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.

Institutional Ownership by Quarter for United Continental Holdings (NYSE:UAL)

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