Investors Buy United Continental Holdings, Inc. (UAL) on Weakness
Investors purchased shares of United Continental Holdings, Inc. (NYSE:UAL) on weakness during trading hours 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
Several research firms have recently commented on UAL. UBS AG restated a “buy” rating and issued a $103.00 price target (up previously from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Zacks Investment Research lowered shares of United Continental Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Citigroup Inc. restated a “neutral” rating and issued a $68.00 price target (down previously from $85.00) on shares of United Continental Holdings in a report on Thursday. Morgan Stanley reduced their price target on shares of United Continental Holdings from $79.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, August 17th. Finally, Stephens restated an “equal weight” rating and issued a $65.00 price target (down previously from $80.00) on shares of United Continental Holdings in a report on Thursday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $83.62.
The firm has a 50 day moving average of $65.83 and a 200-day moving average of $72.38. The company has a market cap of $17.82 billion, a P/E ratio of 8.09 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 analysts’ consensus estimates of $2.31 by $0.44. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter last year, the company earned $2.61 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts expect that United Continental Holdings, Inc. will post $7.51 earnings per share for the current year.
In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $76.83, for a total transaction of $230,490.00. Following the sale, the executive vice president now owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC raised its holdings in United Continental Holdings by 0.9% during the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after purchasing an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in United Continental Holdings during the first quarter worth approximately $122,000. FNY Partners Fund LP raised its holdings in United Continental Holdings by 2,073.9% during the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock worth $141,000 after purchasing an additional 1,908 shares in the last quarter. TrimTabs Asset Management LLC raised its holdings in United Continental Holdings by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock worth $147,000 after purchasing an additional 976 shares in the last quarter. Finally, Sun Life Financial INC raised its holdings in United Continental Holdings by 18,645.5% during the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after purchasing an additional 2,051 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.
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United Continental Holdings Company Profile
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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