SRB Corp boosted its position in United Continental Holdings Inc (NASDAQ:UAL) by 29.2% during the first quarter, Holdings Channel reports. The fund owned 8,124 shares of the transportation company’s stock after acquiring an additional 1,834 shares during the period. SRB Corp’s holdings in United Continental were worth $648,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in United Continental during the fourth quarter worth approximately $379,000. Conning Inc. increased its stake in United Continental by 7.2% during the 1st quarter. Conning Inc. now owns 4,010 shares of the transportation company’s stock valued at $320,000 after buying an additional 270 shares during the period. Stevens Capital Management LP acquired a new position in United Continental during the 1st quarter valued at about $16,292,000. LSV Asset Management increased its stake in United Continental by 6.0% during the 1st quarter. LSV Asset Management now owns 4,749,499 shares of the transportation company’s stock valued at $378,915,000 after buying an additional 268,300 shares during the period. Finally, James Investment Research Inc. increased its stake in United Continental by 31.9% during the 1st quarter. James Investment Research Inc. now owns 31,549 shares of the transportation company’s stock valued at $2,517,000 after buying an additional 7,631 shares during the period. 99.92% of the stock is currently owned by institutional investors and hedge funds.
In other United Continental news, COO Gregory L. Hart sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $89.66, for a total value of $448,300.00. Following the sale, the chief operating officer now owns 22,087 shares of the company’s stock, valued at approximately $1,980,320.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.40% of the company’s stock.
United Continental stock traded down $0.53 on Friday, hitting $86.58. The company’s stock had a trading volume of 27,926 shares, compared to its average volume of 2,109,687. The firm has a market capitalization of $22.05 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 0.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.50 and a quick ratio of 0.43. United Continental Holdings Inc has a one year low of $67.94 and a one year high of $97.85.
United Continental (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.21. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.62 billion. United Continental had a net margin of 5.43% and a return on equity of 28.41%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. Analysts predict that United Continental Holdings Inc will post 11.14 earnings per share for the current fiscal year.
UAL has been the topic of several research analyst reports. Goldman Sachs Group raised shares of United Continental from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a research note on Thursday, June 6th. Standpoint Research lowered shares of United Continental from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. BidaskClub raised shares of United Continental from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Imperial Capital reaffirmed an “underperform” rating and set a $81.00 target price (up previously from $78.00) on shares of United Continental in a research report on Thursday, April 18th. Finally, Morgan Stanley raised shares of United Continental from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $101.00 to $110.00 in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $102.24.
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United Continental Company Profile
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
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