Envestnet Asset Management Inc. lifted its holdings in United Continental Holdings, Inc. (NYSE:UAL) by 87.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,057 shares of the transportation company’s stock after purchasing an additional 28,891 shares during the period. Envestnet Asset Management Inc.’s holdings in United Continental were worth $3,776,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Hosking Partners LLP increased its stake in shares of United Continental by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock valued at $36,625,000 after purchasing an additional 7,737 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of United Continental in the 2nd quarter valued at about $3,306,000. Sciencast Management LP purchased a new position in shares of United Continental in the 2nd quarter valued at about $1,822,000. First Dallas Securities Inc. purchased a new position in shares of United Continental in the 3rd quarter valued at about $504,000. Finally, Thrivent Financial For Lutherans increased its stake in shares of United Continental by 1.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,147,310 shares of the transportation company’s stock valued at $86,335,000 after purchasing an additional 18,310 shares in the last quarter. Hedge funds and other institutional investors own 95.92% of the company’s stock.
Several equities analysts recently weighed in on the company. Cowen restated a “hold” rating and issued a $67.00 price target on shares of United Continental in a research note on Friday. TheStreet upgraded United Continental from a “c+” rating to a “b” rating in a research note on Thursday, December 7th. ValuEngine upgraded United Continental from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded United Continental from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, J P Morgan Chase & Co lowered United Continental from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $68.00 to $60.00 in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental currently has an average rating of “Hold” and a consensus target price of $77.91.
In related news, Director Edward Shapiro bought 15,000 shares of the stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the acquisition, the director now directly owns 27,707 shares in the company, valued at approximately $1,658,818.09. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert A. Milton bought 1,000 shares of the stock in a transaction dated Tuesday, October 24th. The shares were bought at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the acquisition, the director now owns 6,176 shares in the company, valued at $361,913.60. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.
Shares of United Continental Holdings, Inc. (NYSE:UAL) traded down $0.26 during trading on Tuesday, hitting $63.98. The stock had a trading volume of 1,324,910 shares, compared to its average volume of 4,370,601. The firm has a market cap of $18,826.84, a PE ratio of 8.89, a P/E/G ratio of 1.64 and a beta of 1.04. United Continental Holdings, Inc. has a fifty-two week low of $56.51 and a fifty-two week 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 (NYSE:UAL) last issued its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.11 EPS. research analysts forecast that United Continental Holdings, Inc. will post 6.31 earnings per share for the current fiscal year.
United Continental declared that its Board of Directors has authorized a stock buyback program on Thursday, December 7th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
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About United Continental
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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