Meag Munich Ergo Kapitalanlagegesellschaft MBH trimmed its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 22.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,810 shares of the transportation company’s stock after selling 34,324 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in United Continental Holdings were worth $7,350,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in UAL. Janus Henderson Group PLC boosted its stake in shares of United Continental Holdings by 30,735.3% during 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 purchasing an additional 6,934,500 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of United Continental Holdings in the third quarter worth approximately $121,305,000. Boston Partners lifted its stake in shares of United Continental Holdings by 37.7% in the second quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after acquiring an additional 1,324,894 shares during the period. Vanguard Group Inc. lifted its stake in shares of 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 worth $1,708,664,000 after acquiring an additional 930,321 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of 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 worth $160,585,000 after acquiring an additional 656,990 shares during the period. 99.08% of the stock is currently owned by hedge funds and other institutional investors.
United Continental Holdings, Inc. (NYSE:UAL) traded up $0.13 during midday trading on Monday, hitting $58.52. The stock had a trading volume of 3,179,900 shares, compared to its average volume of 4,416,697. The company has a market capitalization of $17,336.69, a P/E 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 52-week low of $57.34 and a 52-week high of $83.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60.
United Continental Holdings (NYSE:UAL) last released its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The firm had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.87 billion. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.11 earnings per share. equities analysts expect that United Continental Holdings, Inc. will post 6.33 EPS for the current year.
A number of equities analysts recently commented on UAL shares. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research reaffirmed a “buy” rating and issued a $97.00 price objective on shares of United Continental Holdings in a research note on Saturday, July 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price objective (down from $110.00) on shares of United Continental Holdings in a research note on Friday, October 20th. Evercore ISI raised United Continental Holdings from an “in-line” rating to an “outperform” rating and set a $68.00 price objective on the stock in a research note on Wednesday, October 25th. Finally, Morgan Stanley lifted their price objective on United Continental Holdings from $79.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $77.63.
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In related news, Director Edward Shapiro purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the acquisition, the director now owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert A. Milton purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were bought at an average price of $58.60 per share, with a total value of $58,600.00. Following the acquisition, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.
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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