Stratos Wealth Partners LTD. bought a new stake in United Continental Holdings, Inc. (NYSE:UAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,859 shares of the transportation company’s stock, valued at approximately $215,000.
A number of other institutional investors have also bought and sold shares of UAL. NN Investment Partners Holdings N.V. boosted its position in United Continental Holdings by 10.4% in the first quarter. NN Investment Partners Holdings N.V. now owns 184,918 shares of the transportation company’s stock valued at $13,063,000 after buying an additional 17,420 shares during the last quarter. Independent Advisor Alliance boosted its position in United Continental Holdings by 29.1% in the first quarter. Independent Advisor Alliance now owns 4,256 shares of the transportation company’s stock valued at $298,000 after buying an additional 959 shares during the last quarter. Renaissance Technologies LLC acquired a new position in United Continental Holdings during the first quarter valued at approximately $19,240,000. Stifel Financial Corp boosted its position in United Continental Holdings by 10.2% in the first quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock valued at $463,000 after buying an additional 606 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in United Continental Holdings by 4.0% in the first quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock valued at $406,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.
United Continental Holdings, Inc. (NYSE:UAL) opened at 65.87 on Friday. The firm’s 50-day moving average price is $73.10 and its 200-day moving average price is $73.66. The company has a market cap of $20.04 billion, a price-to-earnings ratio of 9.10 and a beta of 1.03. United Continental Holdings, Inc. has a 52-week low of $46.56 and a 52-week high of $83.04.
United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $2.61 earnings per share. On average, equities analysts anticipate that United Continental Holdings, Inc. will post $7.81 EPS for the current year.
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A number of equities analysts have recently issued reports on the company. Vetr cut United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 price objective for the company. in a report on Tuesday, May 2nd. BidaskClub cut United Continental Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Buckingham Research reiterated a “buy” rating and issued a $97.00 price objective on shares of United Continental Holdings in a report on Saturday, July 22nd. Finally, UBS AG upped their price objective on United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $85.16.
In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $76.83, for a total value of $230,490.00. Following the completion of the sale, the executive vice president now owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.
United Continental Holdings Company 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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