California State Teachers Retirement System lessened its stake in United Continental Holdings Inc (NYSE:UAL) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 455,848 shares of the transportation company’s stock after selling 9,203 shares during the period. California State Teachers Retirement System owned about 0.15% of United Continental worth $30,724,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Preferred LLC lifted its stake in shares of United Continental by 1,100.8% in the fourth quarter. Advisors Preferred LLC now owns 1,513 shares of the transportation company’s stock valued at $102,000 after buying an additional 1,387 shares during the period. Focused Wealth Management Inc bought a new stake in shares of United Continental in the fourth quarter valued at about $135,000. Deltec Asset Management LLC bought a new stake in shares of United Continental in the fourth quarter valued at about $203,000. Beach Investment Counsel Inc. PA acquired a new position in United Continental in the fourth quarter worth about $204,000. Finally, Wetherby Asset Management Inc. acquired a new position in United Continental in the fourth quarter worth about $208,000. Institutional investors and hedge funds own 97.22% of the company’s stock.
Several research analysts recently issued reports on UAL shares. Sanford C. Bernstein raised shares of United Continental from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Buckingham Research raised shares of United Continental from a “neutral” rating to a “buy” rating and increased their price target for the stock from $65.00 to $81.00 in a research report on Tuesday, December 19th. Standpoint Research raised shares of United Continental from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Cowen reissued a “hold” rating and issued a $67.00 price target on shares of United Continental in a research report on Friday, December 8th. Finally, Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. United Continental presently has an average rating of “Hold” and an average target price of $83.03.
Shares of United Continental Holdings Inc (UAL) opened at $70.88 on Friday. The firm has a market cap of $20,139.71, a P/E ratio of 10.03 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.49 and a current ratio of 0.56. United Continental Holdings Inc has a fifty-two week low of $56.51 and a fifty-two week high of $83.04.
United Continental (NYSE:UAL) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.45. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.41 billion. United Continental had a net margin of 5.65% and a return on equity of 23.40%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $1.78 earnings per share. equities research analysts forecast that United Continental Holdings Inc will post 7.63 EPS for the current year.
United Continental announced that its board has authorized a stock buyback program on Thursday, December 7th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
In other news, Director Edward Shapiro acquired 25,000 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was bought at an average price of $70.65 per share, with a total value of $1,766,250.00. Following the completion of the acquisition, the director now owns 37,707 shares in the company, valued at approximately $2,663,999.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.
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United Continental 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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