Dynamic Technology Lab Private Ltd bought a new position 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 6,508 shares of the company’s stock, valued at approximately $267,000.
A number of other hedge funds have also added to or reduced their stakes in UAL. Allen Investment Management LLC raised its stake in United Continental Holdings by 0.5% in the first quarter. Allen Investment Management LLC now owns 18,463 shares of the company’s stock worth $1,105,000 after buying an additional 90 shares during the last quarter. I.G. Investment Management LTD. raised its stake in United Continental Holdings by 1.2% in the second quarter. I.G. Investment Management LTD. now owns 8,300 shares of the company’s stock worth $341,000 after buying an additional 100 shares during the last quarter. IFP Advisors Inc raised its stake in United Continental Holdings by 5.2% in the first quarter. IFP Advisors Inc now owns 2,133 shares of the company’s stock worth $128,000 after buying an additional 105 shares during the last quarter. Glenmede Trust Co. NA raised its stake in United Continental Holdings by 0.4% in the second quarter. Glenmede Trust Co. NA now owns 36,176 shares of the company’s stock worth $1,484,000 after buying an additional 136 shares during the last quarter. Finally, Conning Inc. raised its stake in United Continental Holdings by 2.0% in the second quarter. Conning Inc. now owns 7,610 shares of the company’s stock worth $312,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.
United Continental Holdings Inc. (NYSE:UAL) opened at 52.47 on Friday. The stock has a 50 day moving average price of $50.02 and a 200 day moving average price of $48.71. United Continental Holdings Inc. has a 52 week low of $37.41 and a 52 week high of $61.87. The stock has a market capitalization of $16.92 billion, a PE ratio of 2.87 and a beta of 0.45.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.17. The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.36 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. During the same quarter in the previous year, the business earned $3.31 EPS. Equities analysts forecast that United Continental Holdings Inc. will post $7.98 EPS for the current year.
UAL has been the topic of a number of recent research reports. Zacks Investment Research downgraded United Continental Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 16th. Cowen and Company reissued an “outperform” rating on shares of United Continental Holdings in a research report on Thursday, August 11th. Morgan Stanley reissued an “overweight” rating on shares of United Continental Holdings in a research report on Wednesday, June 15th. Deutsche Bank AG raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday, July 12th. Finally, Imperial Capital initiated coverage on United Continental Holdings in a research report on Tuesday, August 23rd. They set an “outperform” rating and a $57.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $63.18.
In related news, CFO Andrew C. Levy purchased 15,000 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were bought at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the acquisition, the chief financial officer now directly owns 20,791 shares in the company, valued at $1,059,509.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% 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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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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