United Continental Holdings Inc. (NYSE:UAL) shares gapped up prior to trading on Friday . The stock had previously closed at $39.80, but opened at $40.09. United Continental Holdings shares last traded at $41.66, with a volume of 2,275,150 shares changing hands.

UAL has been the topic of a number of research reports. Deutsche Bank AG reissued a “hold” rating on shares of United Continental Holdings in a research report on Saturday, April 9th. Cowen and Company reissued a “buy” rating on shares of United Continental Holdings in a research report on Saturday, April 23rd. Credit Suisse Group AG reissued an “outperform” rating on shares of United Continental Holdings in a research report on Thursday, March 31st. Morgan Stanley reissued an “overweight” rating and issued a $58.00 price objective (down previously from $67.00) on shares of United Continental Holdings in a research report on Thursday, April 28th. Finally, Zacks Investment Research lowered shares of United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $67.19.

The firm has a market cap of $13.97 billion and a price-to-earnings ratio of 2.15. The company’s 50-day moving average is $43.27 and its 200-day moving average is $50.22.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Wednesday, April 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.05. The business earned $8.20 billion during the quarter, compared to analyst estimates of $8.21 billion. During the same period in the previous year, the business posted $1.52 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts anticipate that United Continental Holdings Inc. will post $7.92 EPS for the current fiscal year.

In related news, Director Par Investment Partners Lp acquired 1,905,000 shares of the company’s stock in a transaction on Friday, April 22nd. The shares were acquired at an average cost of $52.10 per share, for a total transaction of $99,250,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert A. Milton acquired 1,000 shares of the company’s stock in a transaction on Tuesday, April 26th. The shares were bought at an average price of $49.14 per share, for a total transaction of $49,140.00. Following the completion of the purchase, the director now owns 1,000 shares in the company, valued at approximately $49,140. The disclosure for this purchase can be found here.

A number of institutional investors recently modified their holdings of the stock. Trexquant Investment LP bought a new position in shares of United Continental Holdings during the fourth quarter valued at $1,084,000. Eagle Asset Management Inc. bought a new position in shares of United Continental Holdings during the fourth quarter valued at $1,227,000. US Bancorp DE boosted its position in shares of United Continental Holdings by 5.0% in the fourth quarter. US Bancorp DE now owns 28,618 shares of the company’s stock valued at $1,640,000 after buying an additional 1,371 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of United Continental Holdings by 11.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 28,834 shares of the company’s stock valued at $1,651,000 after buying an additional 3,051 shares during the period. Finally, Advantus Capital Management Inc boosted its position in shares of United Continental Holdings by 0.4% in the fourth quarter. Advantus Capital Management Inc now owns 35,648 shares of the company’s stock valued at $2,043,000 after buying an additional 152 shares during the period.

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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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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