Partners Capital Investment Group Holdings LLC bought a new stake in United Continental Holdings, Inc. (NYSE:UAL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,921 shares of the transportation company’s stock, valued at approximately $604,000.
Several other institutional investors have also recently bought and sold shares of UAL. Janus Henderson Group PLC lifted its holdings in shares of United Continental by 30,735.3% in the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock valued at $523,519,000 after purchasing an additional 6,934,500 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in United Continental during the 3rd quarter valued at approximately $121,305,000. Boston Partners raised its stake in United Continental by 37.7% during the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock valued at $364,214,000 after acquiring an additional 1,324,894 shares during the last quarter. Vanguard Group Inc. raised its stake in United Continental by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock valued at $1,708,664,000 after acquiring an additional 930,321 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in United Continental by 33.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock valued at $160,585,000 after acquiring an additional 656,990 shares during the last quarter. 95.92% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on UAL. Imperial Capital reduced their price objective on United Continental from $63.00 to $57.00 and set an “in-line” rating for the company in a research note on Friday, October 20th. Barclays reaffirmed a “buy” rating and set a $90.00 price objective on shares of United Continental in a research note on Thursday, September 14th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of United Continental in a research note on Monday, August 7th. ValuEngine raised United Continental from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Cowen reaffirmed a “market perform” rating and set a $62.00 price objective (down from $70.00) on shares of United Continental in a research note on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $77.63.
United Continental (NYSE:UAL) last released its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. During the same quarter in the previous year, the firm posted $3.11 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. research analysts predict that United Continental Holdings, Inc. will post 6.31 earnings per share for the current year.
In other news, Director Edward Shapiro purchased 15,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the acquisition, the director now directly owns 27,707 shares in the company, valued at approximately $1,658,818.09. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert A. Milton purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was purchased at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the acquisition, the director now owns 6,176 shares in the company, valued at $361,913.60. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.
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United Continental 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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