Investors Buy United Continental Holdings, Inc. (UAL) on Weakness
Traders purchased shares of United Continental Holdings, Inc. (NYSE:UAL) on weakness during trading on Wednesday. $14.84 million flowed into the stock on the tick-up and $7.65 million flowed out of the stock on the tick-down, for a money net flow of $7.19 million into the stock. Of all companies tracked, United Continental Holdings had the 9th highest net in-flow for the day. United Continental Holdings traded down ($2.93) for the day and closed at $58.17
A number of equities analysts recently commented on UAL shares. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. ValuEngine raised United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Buckingham Research reaffirmed a “buy” rating and issued a $97.00 price objective on shares of United Continental Holdings in a research note on Saturday, July 22nd. UBS AG lifted their price objective on United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley lifted their price objective on United Continental Holdings from $79.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $85.84.
The stock’s 50-day moving average is $66.80 and its 200 day moving average is $72.56. The firm has a market cap of $18.35 billion, a PE ratio of 8.34 and a beta of 1.06.
United Continental Holdings (NYSE:UAL) last released its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter last year, the business posted $2.61 EPS. The business’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that United Continental Holdings, Inc. will post $7.77 EPS for the current year.
In other news, EVP Gregory L. Hart sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total value of $230,490.00. Following the completion of the transaction, the executive vice president now owns 28,369 shares in the company, valued at approximately $2,179,590.27. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.27% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UAL. BlackRock Inc. lifted its stake in shares of United Continental Holdings by 4,642.3% in the 1st quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock valued at $1,559,382,000 after purchasing an additional 21,609,536 shares during the period. Janus Henderson Group PLC lifted its stake in shares of United Continental Holdings by 30,735.3% in the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock valued at $523,519,000 after purchasing an additional 6,934,500 shares during the period. Boston Partners lifted its stake in shares of United Continental Holdings by 37.7% in the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock valued at $364,214,000 after purchasing an additional 1,324,894 shares during the period. Vanguard Group Inc. lifted its stake in shares of United Continental Holdings by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock valued at $1,708,664,000 after purchasing an additional 930,321 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of United Continental Holdings by 113.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,144,832 shares of the transportation company’s stock valued at $86,149,000 after purchasing an additional 608,570 shares during the period. Institutional investors own 97.70% of the company’s stock.
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About United Continental Holdings
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 flights 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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