APG Asset Management N.V. held its stake in United Continental Holdings, Inc. (NYSE:UAL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,273,773 shares of the transportation company’s stock at the end of the second quarter. APG Asset Management N.V. owned 0.41% of United Continental Holdings worth $95,851,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in United Continental Holdings during the first quarter valued at $122,000. Paragon Capital Management Ltd purchased a new stake in United Continental Holdings during the first quarter valued at $210,000. FNY Partners Fund LP boosted its stake in United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in United Continental Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock valued at $147,000 after buying an additional 976 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in United Continental Holdings by 15.6% in the first quarter. IFP Advisors Inc now owns 2,687 shares of the transportation company’s stock valued at $190,000 after buying an additional 363 shares during the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.
United Continental Holdings, Inc. (NYSE UAL) traded down 0.03% during midday trading on Tuesday, hitting $70.41. The company’s stock had a trading volume of 788,917 shares. The company has a market cap of $21.42 billion, a PE ratio of 9.73 and a beta of 1.04. The stock has a 50 day moving average of $77.43 and a 200 day moving average of $74.25. United Continental Holdings, Inc. has a 52-week low of $44.15 and a 52-week high of $83.04.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period last year, the firm earned $2.61 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts expect that United Continental Holdings, Inc. will post $7.85 EPS for the current year.
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Several research firms recently weighed in on UAL. UBS AG reissued a “buy” rating and set a $103.00 price target (up from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Buckingham Research reissued a “buy” rating and set a $97.00 price target on shares of United Continental Holdings in a report on Saturday. Raymond James Financial, Inc. reissued an “outperform” rating and set a $100.00 price target on shares of United Continental Holdings in a report on Friday, July 14th. Sanford C. Bernstein reissued a “market perform” rating and set a $86.00 price target on shares of United Continental Holdings in a report on Thursday, July 13th. Finally, Citigroup Inc. lifted their price target on United Continental Holdings from $78.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.76.
In related news, Director Edward Shapiro acquired 10,000 shares of United Continental Holdings stock in a transaction dated Thursday, April 27th. The shares were purchased at an average cost of $69.35 per share, with a total value of $693,500.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $693,500. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael P. Bonds sold 9,971 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $78.86, for a total value of $786,313.06. Following the completion of the sale, the executive vice president now directly owns 8,716 shares in the company, valued at $687,343.76. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.
About United Continental Holdings
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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