ING Groep NV cut its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 90.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,424 shares of the transportation company’s stock after selling 136,197 shares during the period. ING Groep NV’s holdings in United Continental Holdings were worth $1,085,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in United Continental Holdings during the first quarter valued at approximately $411,000. Quantitative Systematic Strategies LLC boosted its stake in United Continental Holdings by 86.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 33,874 shares of the transportation company’s stock worth $2,393,000 after buying an additional 15,715 shares in the last quarter. Palisade Capital Management LLC NJ purchased a new stake in United Continental Holdings during the first quarter valued at approximately $212,000. Addison Capital Co boosted its stake in United Continental Holdings by 157.7% in the first quarter. Addison Capital Co now owns 9,644 shares of the transportation company’s stock valued at $681,000 after buying an additional 5,902 shares during the period. Finally, Atria Investments LLC boosted its stake in United Continental Holdings by 14.7% in the first quarter. Atria Investments LLC now owns 4,277 shares of the transportation company’s stock valued at $302,000 after buying an additional 549 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.
United Continental Holdings, Inc. (NYSE UAL) traded up 0.08% during mid-day trading on Friday, hitting $64.75. 3,196,980 shares of the stock were exchanged. United Continental Holdings, Inc. has a 52 week low of $46.56 and a 52 week high of $83.04. The stock has a market capitalization of $19.70 billion, a PE ratio of 8.95 and a beta of 1.03. The company has a 50-day moving average of $71.61 and a 200-day moving average of $73.39. United Continental Holdings also was the target of unusually large options trading activity on Thursday. Stock investors bought 1,399 call options on the company. This is an increase of 115% compared to the typical volume of 650 call options.
United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $2.61 EPS. On average, equities analysts predict that United Continental Holdings, Inc. will post $7.79 EPS for the current fiscal year.
A number of brokerages recently commented on UAL. Bank of America Corporation reaffirmed a “buy” rating and set a $105.00 price objective on shares of United Continental Holdings in a research note on Wednesday, July 12th. UBS AG restated a “buy” rating and issued a $103.00 price target (up from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Zacks Investment Research lowered United Continental Holdings from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley reissued an “equal weight” rating and set a $85.00 price target (up previously from $80.00) on shares of United Continental Holdings in a research report on Thursday, July 13th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $75.00 target price on shares of United Continental Holdings in a research report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $84.34.
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 transaction of $230,490.00. Following the transaction, the executive vice president now 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 at the SEC website. Company insiders own 0.27% of the company’s stock.
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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