AT Bancorp Boosts Stake in United Continental Holdings (UAL)

AT Bancorp grew its position in United Continental Holdings (NYSE:UAL) by 77.1% during the 1st quarter, Holdings Channel reports. The firm owned 22,006 shares of the transportation company’s stock after purchasing an additional 9,577 shares during the period. AT Bancorp’s holdings in United Continental were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Advisors Preferred LLC grew its position in shares of United Continental by 1,100.8% in the fourth quarter. Advisors Preferred LLC now owns 1,513 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 1,387 shares during the last quarter. Focused Wealth Management Inc acquired a new position in shares of United Continental in the fourth quarter valued at approximately $135,000. Deltec Asset Management LLC acquired a new position in shares of United Continental in the fourth quarter valued at approximately $203,000. Beach Investment Counsel Inc. PA acquired a new position in shares of United Continental in the fourth quarter valued at approximately $204,000. Finally, Wetherby Asset Management Inc. acquired a new position in shares of United Continental in the fourth quarter valued at approximately $208,000. 97.92% of the stock is currently owned by institutional investors.

United Continental opened at $69.49 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.58 and a quick ratio of 0.52. United Continental Holdings has a fifty-two week low of $67.87 and a fifty-two week high of $69.71. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 10.28 and a beta of 0.88.

United Continental (NYSE:UAL) last released its earnings results on Tuesday, April 17th. The transportation company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.43. United Continental had a return on equity of 23.63% and a net margin of 5.69%. The firm had revenue of $9.03 billion during the quarter, compared to analysts’ expectations of $9.01 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. analysts predict that United Continental Holdings will post 7.89 EPS for the current fiscal year.

In other United Continental news, COO Gregory L. Hart sold 4,000 shares of the company’s stock in a transaction on Thursday, April 19th. The stock was sold at an average price of $70.62, for a total transaction of $282,480.00. Following the completion of the sale, the chief operating officer now directly owns 24,279 shares in the company, valued at $1,714,582.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward Shapiro bought 50,000 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were acquired at an average price of $65.86 per share, with a total value of $3,293,000.00. Following the completion of the purchase, the director now directly owns 77,707 shares of the company’s stock, valued at $5,117,783.02. The disclosure for this purchase can be found here. 0.32% of the stock is owned by corporate insiders.

Several research firms have recently commented on UAL. Evercore ISI downgraded United Continental from an “outperform” rating to an “in-line” rating in a research report on Wednesday, January 24th. Morgan Stanley increased their price target on United Continental from $68.00 to $71.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Bank of America increased their price target on United Continental from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Buckingham Research increased their price target on United Continental from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research downgraded United Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $85.94.

United Continental Profile

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

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Institutional Ownership by Quarter for United Continental (NYSE:UAL)

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