Comerica Bank lowered its position in United Continental Holdings, Inc. (NYSE:UAL) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,457 shares of the transportation company’s stock after selling 4,820 shares during the quarter. Comerica Bank’s holdings in United Continental Holdings were worth $4,514,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of UAL. Exane Derivatives raised its position in United Continental Holdings by 373.7% in the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 1,461 shares during the period. MCF Advisors LLC increased its position in shares of United Continental Holdings by 0.9% during the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after acquiring an additional 13 shares during the last quarter. Sun Life Financial INC increased its position in shares of United Continental Holdings by 18,645.5% during the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after acquiring an additional 2,051 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of United Continental Holdings during the second quarter worth about $181,000. Finally, Comprehensive Portfolio Management LLC purchased a new stake in shares of United Continental Holdings during the second quarter worth about $204,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.
In other United Continental Holdings news, Director Edward Shapiro acquired 15,000 shares of United Continental Holdings stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the transaction, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert A. Milton acquired 1,000 shares of United Continental Holdings stock in a transaction dated Tuesday, October 24th. The shares were acquired at an average price of $58.60 per share, with a total value of $58,600.00. Following the completion of the transaction, the director now owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.
Shares of United Continental Holdings, Inc. (UAL) traded down $0.02 during mid-day trading on Friday, reaching $59.69. The company’s stock had a trading volume of 1,804,600 shares, compared to its average volume of 4,392,146. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. United Continental Holdings, Inc. has a 12 month low of $56.51 and a 12 month high of $83.04. The firm has a market capitalization of $17,683.31, a P/E ratio of 8.35, a P/E/G ratio of 1.54 and a beta of 1.02.
United Continental Holdings (NYSE:UAL) last issued its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.10. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.87 billion. During the same period in the previous year, the firm posted $3.11 earnings per share. United Continental Holdings’s quarterly revenue was down .4% compared to the same quarter last year. analysts anticipate that United Continental Holdings, Inc. will post 6.33 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on UAL. Sanford C. Bernstein reaffirmed a “hold” rating on shares of United Continental Holdings in a research report on Monday, August 7th. Citigroup Inc. lifted their target price on United Continental Holdings from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. ValuEngine raised United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Cowen Inc reaffirmed a “market perform” rating and set a $70.00 target price (up from $63.00) on shares of United Continental Holdings in a research report on Thursday, October 12th. Finally, Morgan Stanley dropped their target price on United Continental Holdings from $79.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $77.63.
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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