United Asset Strategies Inc. grew its holdings in United Continental Holdings Inc (NASDAQ:UAL) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,145 shares of the transportation company’s stock after purchasing an additional 405 shares during the quarter. United Asset Strategies Inc.’s holdings in United Continental were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in UAL. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in United Continental during the 4th quarter worth approximately $379,000. Conning Inc. raised its stake in shares of United Continental by 7.2% in the first quarter. Conning Inc. now owns 4,010 shares of the transportation company’s stock worth $320,000 after purchasing an additional 270 shares during the last quarter. Winslow Evans & Crocker Inc. raised its stake in shares of United Continental by 32.1% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,158 shares of the transportation company’s stock worth $174,000 after purchasing an additional 524 shares during the last quarter. James Investment Research Inc. raised its stake in shares of United Continental by 31.9% in the first quarter. James Investment Research Inc. now owns 31,549 shares of the transportation company’s stock worth $2,517,000 after purchasing an additional 7,631 shares during the last quarter. Finally, Beech Hill Advisors Inc. raised its stake in shares of United Continental by 26.4% in the first quarter. Beech Hill Advisors Inc. now owns 4,075 shares of the transportation company’s stock worth $325,000 after purchasing an additional 850 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.
In other news, COO Gregory L. Hart sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $89.66, for a total transaction of $448,300.00. Following the transaction, the chief operating officer now directly owns 22,087 shares of the company’s stock, valued at $1,980,320.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by company insiders.
Several research firms have recently issued reports on UAL. Imperial Capital lowered United Continental from an “in-line” rating to an “underperform” rating and reduced their target price for the company from $110.00 to $73.00 in a report on Wednesday, January 9th. JPMorgan Chase & Co. raised United Continental from a “neutral” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Thursday, January 10th. Cowen reaffirmed a “market perform” rating and issued a $99.00 target price (up from $94.00) on shares of United Continental in a report on Thursday, January 17th. Macquarie set a $111.00 target price on United Continental and gave the company a “buy” rating in a report on Tuesday, January 29th. Finally, Argus began coverage on United Continental in a report on Wednesday, January 30th. They issued a “buy” rating and a $101.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $101.41.
Shares of UAL stock traded down $2.50 on Thursday, reaching $82.14. The company’s stock had a trading volume of 69,812 shares, compared to its average volume of 3,241,466. United Continental Holdings Inc has a 12-month low of $65.57 and a 12-month high of $97.85. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.43 and a current ratio of 0.50. The company has a market capitalization of $22.20 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 0.38 and a beta of 0.99.
United Continental (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.21. United Continental had a return on equity of 28.41% and a net margin of 5.43%. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter last year, the business posted $0.50 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, sell-side analysts forecast that United Continental Holdings Inc will post 11.11 EPS for the current fiscal year.
United Continental Profile
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
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