New Mexico Educational Retirement Board decreased its position in United Continental Holdings, Inc. (NYSE:UAL) by 9.7% during the second quarter, Holdings Channel reports. The firm owned 26,200 shares of the transportation company’s stock after selling 2,800 shares during the period. New Mexico Educational Retirement Board’s holdings in United Continental Holdings were worth $1,773,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Advisor Partners LLC raised its position in United Continental Holdings by 15.0% in the second quarter. Advisor Partners LLC now owns 5,524 shares of the transportation company’s stock worth $416,000 after buying an additional 722 shares during the period. Palisade Capital Management LLC NJ raised its position in United Continental Holdings by 91.7% in the second quarter. Palisade Capital Management LLC NJ now owns 5,750 shares of the transportation company’s stock worth $433,000 after buying an additional 2,750 shares during the period. Tillar Wenstrup Advisors LLC raised its position in United Continental Holdings by 0.3% in the second quarter. Tillar Wenstrup Advisors LLC now owns 29,298 shares of the transportation company’s stock worth $2,205,000 after buying an additional 94 shares during the period. Beach Investment Management LLC. bought a new position in United Continental Holdings during the second quarter worth approximately $227,000. Finally, IFP Advisors Inc raised its position in United Continental Holdings by 14.6% in the second quarter. IFP Advisors Inc now owns 3,079 shares of the transportation company’s stock worth $232,000 after buying an additional 392 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.
Shares of United Continental Holdings, Inc. (NYSE UAL) opened at 65.87 on Friday. United Continental Holdings, Inc. has a 12 month low of $46.56 and a 12 month high of $83.04. The company’s 50-day moving average price is $73.10 and its 200-day moving average price is $73.66. The company has a market cap of $20.04 billion, a price-to-earnings ratio of 9.10 and a beta of 1.03.
United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.44. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.61 earnings per share. Analysts anticipate that United Continental Holdings, Inc. will post $7.81 EPS for the current year.
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A number of research firms have commented on UAL. Sanford C. Bernstein restated a “hold” rating on shares of United Continental Holdings in a research note on Monday, August 7th. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research reiterated a “buy” rating and issued a $97.00 price target on shares of United Continental Holdings in a research note on Saturday, July 22nd. Finally, Morgan Stanley lifted their price target on United Continental Holdings from $79.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $85.16.
In related news, EVP Gregory L. Hart sold 3,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total value of $230,490.00. Following the transaction, 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 SEC, which can be accessed through this hyperlink. 0.27% of the stock is owned by corporate 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.
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