Eagle Global Advisors LLC 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 firm bought 3,503 shares of the transportation company’s stock, valued at approximately $264,000.
Other large investors have also added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. boosted its stake 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 in the last quarter. Renaissance Technologies LLC acquired a new stake in United Continental Holdings during the first quarter valued at approximately $19,240,000. Independent Advisor Alliance boosted its stake 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 in the last quarter. Stifel Financial Corp boosted its stake 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 in the last quarter. Finally, Suntrust Banks Inc. boosted its stake 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 in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
Shares of United Continental Holdings, Inc. (NYSE UAL) opened at 66.92 on Thursday. The company has a market capitalization of $20.36 billion, a price-to-earnings ratio of 9.25 and a beta of 1.03. The company’s 50-day moving average price is $72.26 and its 200-day moving average price is $73.50. United Continental Holdings, Inc. has a one year low of $46.53 and a one year high of $83.04.
United Continental Holdings (NYSE:UAL) last issued its earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, beating the 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 business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same period last year, the business posted $2.61 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that United Continental Holdings, Inc. will post $7.81 earnings per share for the current year.
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Several equities research analysts recently commented on UAL shares. Vetr cut United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 target price for the company. in a research note on Tuesday, May 2nd. BidaskClub cut United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. ValuEngine raised United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Buckingham Research reissued a “buy” rating and issued a $97.00 price objective on shares of United Continental Holdings in a research note on Saturday, July 22nd. Finally, UBS AG raised their price objective on United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. United Continental Holdings presently has a consensus rating of “Hold” and a consensus price target of $85.16.
In other news, EVP Gregory L. Hart sold 3,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the transaction, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at approximately $2,179,590.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by corporate 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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