United Continental Holdings Inc. (UAL) Shares Down 3%
United Continental Holdings Inc. (NYSE:UAL) traded down 3% during mid-day trading on Wednesday . The stock traded as low as $37.64 and last traded at $39.10, with a volume of 4,767,633 shares traded. The stock had previously closed at $40.29.
A number of research analysts have issued reports on the company. Credit Suisse Group AG downgraded United Continental Holdings from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $64.00 to $42.00 in a research note on Wednesday. Zacks Investment Research downgraded United Continental Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. Morgan Stanley restated an “overweight” rating on shares of United Continental Holdings in a research note on Wednesday, June 15th. Vetr upgraded United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $60.67 price objective for the company in a research note on Monday, May 23rd. Finally, Cowen and Company restated a “buy” rating on shares of United Continental Holdings in a research note on Saturday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Continental Holdings has a consensus rating of “Buy” and a consensus target price of $67.34.
The firm’s 50 day moving average is $43.66 and its 200-day moving average is $50.49. The firm has a market cap of $13.24 billion and a PE ratio of 2.03.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Wednesday, April 20th. The company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.05. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.21 billion. During the same quarter last year, the business earned $1.52 earnings per share. United Continental Holdings’s revenue was down 4.8% on a year-over-year basis. Equities analysts forecast that United Continental Holdings Inc. will post $8.05 earnings per share for the current year.
In other United Continental Holdings news, insider James E. Compton bought 2,000 shares of the company’s stock in a transaction dated Thursday, April 28th. The shares were purchased at an average cost of $48.91 per share, for a total transaction of $97,820.00. Following the transaction, the insider now directly owns 74,556 shares of the company’s stock, valued at $3,646,533.96. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Linda P. Jojo bought 2,500 shares of the company’s stock in a transaction dated Thursday, April 28th. The shares were acquired at an average price of $48.77 per share, for a total transaction of $121,925.00. Following the completion of the transaction, the executive vice president now directly owns 18,792 shares in the company, valued at $916,485.84. The disclosure for this purchase can be found here.
Other large investors have bought and sold shares of the company. Stevens Capital Management LP boosted its stake in United Continental Holdings by 13.3% in the fourth quarter. Stevens Capital Management LP now owns 129,295 shares of the company’s stock worth $7,409,000 after buying an additional 15,149 shares during the period. ProShare Advisors LLC boosted its stake in United Continental Holdings by 54.1% in the fourth quarter. ProShare Advisors LLC now owns 79,841 shares of the company’s stock worth $4,575,000 after buying an additional 28,043 shares during the period. NWI Management LP boosted its stake in United Continental Holdings by 5.7% in the fourth quarter. NWI Management LP now owns 560,000 shares of the company’s stock worth $32,088,000 after buying an additional 30,000 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in United Continental Holdings by 7.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 96,857 shares of the company’s stock worth $5,550,000 after buying an additional 7,016 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in 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 worth $1,651,000 after buying an additional 3,051 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.