MUFG Americas Holdings Corp increased its stake in shares of United Continental Holdings Inc (NASDAQ:UAL) by 129.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,214 shares of the transportation company’s stock after purchasing an additional 1,814 shares during the period. MUFG Americas Holdings Corp’s holdings in United Continental were worth $284,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in United Continental by 16.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 12,266,464 shares of the transportation company’s stock valued at $1,073,929,000 after acquiring an additional 1,690,744 shares during the period. Lansdowne Partners UK LLP grew its stake in United Continental by 0.4% in the second quarter. Lansdowne Partners UK LLP now owns 7,603,045 shares of the transportation company’s stock valued at $665,641,000 after acquiring an additional 29,296 shares during the period. Invesco Ltd. grew its stake in United Continental by 2.9% in the second quarter. Invesco Ltd. now owns 4,119,055 shares of the transportation company’s stock valued at $360,623,000 after acquiring an additional 114,421 shares during the period. Nuveen Asset Management LLC grew its stake in United Continental by 318.3% in the second quarter. Nuveen Asset Management LLC now owns 1,819,233 shares of the transportation company’s stock valued at $159,274,000 after acquiring an additional 1,384,330 shares during the period. Finally, APG Asset Management N.V. grew its stake in United Continental by 59.5% in the second quarter. APG Asset Management N.V. now owns 1,725,800 shares of the transportation company’s stock valued at $132,678,000 after acquiring an additional 643,900 shares during the period. 98.67% of the stock is owned by institutional investors and hedge funds.
Shares of United Continental stock opened at $92.51 on Friday. The firm has a market cap of $23.41 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.38 and a beta of 1.18. United Continental Holdings Inc has a one year low of $77.02 and a one year high of $97.85. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.54 and a quick ratio of 0.48. The stock’s 50-day moving average is $89.59 and its 200-day moving average is $87.36.
United Continental (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $4.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.97 by $0.10. The business had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $11.43 billion. United Continental had a return on equity of 30.06% and a net margin of 6.60%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.06 earnings per share. On average, equities analysts expect that United Continental Holdings Inc will post 11.98 EPS for the current year.
In related news, Director Carolyn Corvi sold 1,024 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $88.85, for a total transaction of $90,982.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 3,072 shares of company stock worth $273,416 in the last three months. 0.40% of the stock is currently owned by company insiders.
UAL has been the subject of a number of research analyst reports. UBS Group initiated coverage on United Continental in a research note on Tuesday, November 12th. They issued a “buy” rating and a $110.00 target price for the company. BidaskClub upgraded United Continental from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Credit Suisse Group boosted their price target on United Continental from $117.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Berenberg Bank assumed coverage on United Continental in a report on Friday, September 6th. They issued a “hold” rating and a $95.00 price target on the stock. Finally, ValuEngine upgraded United Continental from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $103.93.
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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