Public Employees Retirement System of Ohio decreased its stake in United Continental Holdings, Inc. (NYSE:UAL) by 16.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,366 shares of the transportation company’s stock after selling 28,887 shares during the period. Public Employees Retirement System of Ohio’s holdings in United Continental Holdings were worth $10,622,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in United Continental Holdings during the fourth quarter worth about $681,000. Kentucky Retirement Systems purchased a new position in United Continental Holdings during the fourth quarter worth about $1,527,000. Teachers Advisors LLC boosted its position in United Continental Holdings by 136.4% in the fourth quarter. Teachers Advisors LLC now owns 1,149,261 shares of the transportation company’s stock worth $83,758,000 after buying an additional 663,008 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in United Continental Holdings by 65.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 456,145 shares of the transportation company’s stock worth $33,245,000 after buying an additional 179,844 shares during the last quarter. Finally, Elkhorn Investments LLC purchased a new position in United Continental Holdings during the fourth quarter worth about $881,000. Institutional investors and hedge funds own 97.29% of the company’s stock.
United Continental Holdings, Inc. (UAL) traded up 1.243% on Wednesday, reaching $76.945. The company’s stock had a trading volume of 777,586 shares. The firm has a 50-day moving average of $78.27 and a 200-day moving average of $73.70. United Continental Holdings, Inc. has a one year low of $37.41 and a one year high of $83.04. The company has a market capitalization of $23.83 billion, a PE ratio of 12.034 and a beta of 0.98.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Monday, April 17th. The transportation company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.38 billion. United Continental Holdings had a net margin of 5.56% and a return on equity of 30.61%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share. Analysts predict that United Continental Holdings, Inc. will post $7.31 EPS for the current year.
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A number of equities analysts have recently issued reports on UAL shares. Vetr cut United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 price objective for the company. in a report on Tuesday, May 2nd. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $59.00 price objective on shares of United Continental Holdings in a report on Friday, March 3rd. Zacks Investment Research cut United Continental Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, March 14th. Finally, Citigroup Inc. upped their price objective on United Continental Holdings from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Monday, March 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. United Continental Holdings currently has a consensus rating of “Buy” and a consensus price target of $71.89.
In other news, EVP Gregory L. Hart sold 3,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $76.83, for a total transaction of $230,490.00. Following the sale, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Shapiro acquired 10,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were bought at an average cost of $69.35 per share, for a total transaction of $693,500.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $693,500. The disclosure for this purchase can be found here. 0.27% of the stock is owned by 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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