BlueCrest Capital Management Ltd grew its position in United Continental Holdings (NYSE:UAL) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,981 shares of the transportation company’s stock after acquiring an additional 7,669 shares during the period. BlueCrest Capital Management Ltd’s holdings in United Continental were worth $2,088,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its holdings in United Continental by 2.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 31,567 shares of the transportation company’s stock worth $2,128,000 after acquiring an additional 780 shares during the period. M&T Bank Corp grew its holdings in shares of United Continental by 3.8% in the 4th quarter. M&T Bank Corp now owns 21,539 shares of the transportation company’s stock valued at $1,453,000 after buying an additional 786 shares during the period. Hennessy Advisors Inc. lifted its position in United Continental by 3.7% in the 3rd quarter. Hennessy Advisors Inc. now owns 28,200 shares of the transportation company’s stock valued at $1,717,000 after acquiring an additional 1,000 shares in the last quarter. Profund Advisors LLC lifted its position in United Continental by 14.3% in the 4th quarter. Profund Advisors LLC now owns 8,475 shares of the transportation company’s stock valued at $571,000 after acquiring an additional 1,062 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in United Continental by 1.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 75,256 shares of the transportation company’s stock valued at $5,072,000 after acquiring an additional 1,115 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.
Several brokerages have commented on UAL. Evercore ISI cut shares of United Continental from an “outperform” rating to an “in-line” rating in a research report on Wednesday, January 24th. Morgan Stanley boosted their price objective on shares of United Continental from $68.00 to $71.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Bank of America boosted their price objective on shares of United Continental from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Buckingham Research upped their price target on shares of United Continental from $83.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Imperial Capital increased their target price on shares of United Continental from $64.00 to $74.00 and gave the stock a “line” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. United Continental has an average rating of “Hold” and a consensus price target of $83.97.
Shares of United Continental stock traded down $2.70 during trading hours on Monday, reaching $66.77. The company’s stock had a trading volume of 3,972,560 shares, compared to its average volume of 4,675,290. United Continental Holdings has a one year low of $56.51 and a one year high of $83.04. The firm has a market capitalization of $19,778.14, a price-to-earnings ratio of 9.88 and a beta of 0.87. The company has a current ratio of 0.56, a quick ratio of 0.49 and a debt-to-equity ratio of 1.44.
United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.45. United Continental had a net margin of 5.65% and a return on equity of 23.40%. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period last year, the firm earned $1.78 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. research analysts forecast that United Continental Holdings will post 7.79 EPS for the current year.
United Continental declared that its board has authorized a stock repurchase program on Thursday, December 7th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, Director Edward Shapiro acquired 25,000 shares of the stock in a transaction on Thursday, March 15th. The shares were acquired at an average price 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.
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United Continental Company Profile
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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