State of Wisconsin Investment Board boosted its position in United Continental Holdings, Inc. (NYSE:UAL) by 89.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 197,537 shares of the transportation company’s stock after buying an additional 93,260 shares during the period. State of Wisconsin Investment Board owned about 0.06% of United Continental Holdings worth $14,865,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. MCF Advisors LLC boosted its stake in shares of United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after buying an additional 13 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of United Continental Holdings during the first quarter worth $122,000. FNY Partners Fund LP boosted its stake in shares of 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 worth $141,000 after buying an additional 1,908 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in shares of 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 worth $147,000 after buying an additional 976 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of United Continental Holdings by 15.6% in the first quarter. IFP Advisors Inc now owns 2,687 shares of the transportation company’s stock worth $190,000 after buying an additional 363 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.
Shares of United Continental Holdings, Inc. (UAL) opened at 64.85 on Tuesday. United Continental Holdings, Inc. has a one year low of $46.68 and a one year high of $83.04. The company has a market cap of $19.73 billion, a price-to-earnings ratio of 8.96 and a beta of 1.03. The firm has a 50-day moving average of $71.31 and a 200 day moving average of $73.37.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping 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 company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter last year, the firm earned $2.61 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. Equities research analysts anticipate that United Continental Holdings, Inc. will post $7.79 EPS for the current year.
TRADEMARK VIOLATION WARNING: “State of Wisconsin Investment Board Has $14.87 Million Stake in United Continental Holdings, Inc. (UAL)” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/08/22/state-of-wisconsin-investment-board-has-14-87-million-stake-in-united-continental-holdings-inc-ual.html.
UAL has been the subject of a number of analyst reports. UBS AG boosted their price objective on shares of United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, July 12th. Bank of America Corporation restated a “buy” rating and issued a $105.00 price objective on shares of United Continental Holdings in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of United Continental Holdings from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Tuesday, June 20th. Buckingham Research restated 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, Morgan Stanley restated an “equal weight” rating and issued a $85.00 price objective (up from $80.00) on shares of United Continental Holdings in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $84.97.
In other news, EVP Gregory L. Hart sold 3,000 shares of United Continental Holdings 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently 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.
Receive News & Ratings for United Continental Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
