State of New Jersey Common Pension Fund D lessened its position in United Continental Holdings (NYSE:UAL) by 37.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 145,000 shares of the transportation company’s stock after selling 85,000 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.05% of United Continental worth $10,073,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Advisors Preferred LLC raised its holdings in shares of United Continental by 1,100.8% in the 4th 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 purchased a new stake in shares of United Continental in the 4th quarter valued at $135,000. Deltec Asset Management LLC purchased a new stake in shares of United Continental in the 4th quarter valued at $203,000. Beach Investment Counsel Inc. PA purchased a new stake in shares of United Continental in the 4th quarter valued at $204,000. Finally, Wetherby Asset Management Inc. purchased a new stake in shares of United Continental in the 4th quarter valued at $208,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.
Several equities research analysts have weighed in on the company. ValuEngine downgraded United Continental from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. JPMorgan Chase upgraded United Continental to a “buy” rating in a report on Monday, April 30th. Bank of America upped their price target on United Continental from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 19th. Morgan Stanley upped their price target on United Continental from $77.00 to $79.00 and gave the stock an “equal weight” rating in a report on Thursday, April 19th. Finally, Imperial Capital upped their price target on United Continental from $74.00 to $77.00 and gave the stock an “in-line” rating in a report on Thursday, April 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $85.94.
United Continental opened at $68.42 on Friday, Marketbeat Ratings reports. The stock has a market cap of $19.27 billion, a PE ratio of 10.12 and a beta of 0.88. United Continental Holdings has a 1 year low of $56.51 and a 1 year high of $83.04. The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 1.58.
United Continental (NYSE:UAL) last released its quarterly earnings data on Tuesday, April 17th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.43. The business had revenue of $9.03 billion during the quarter, compared to analysts’ expectations of $9.01 billion. United Continental had a return on equity of 23.63% and a net margin of 5.69%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. research analysts forecast that United Continental Holdings will post 7.89 earnings per share for the current year.
In other news, COO Gregory L. Hart sold 4,000 shares of the company’s stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $70.62, for a total transaction of $282,480.00. Following the completion of the transaction, the chief operating officer now directly owns 24,279 shares of the company’s stock, valued at approximately $1,714,582.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Edward Shapiro acquired 25,000 shares of the stock in a transaction dated Thursday, March 15th. The shares were acquired at an average cost of $70.65 per share, with a total value of $1,766,250.00. Following the completion of the transaction, the director now owns 37,707 shares in the company, valued at approximately $2,663,999.55. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.
About United Continental
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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