United Continental Holdings, Inc. (UAL) Shares Gap Down to $61.10
United Continental Holdings, Inc. (NYSE:UAL)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $63.27, but opened at $61.10. United Continental Holdings shares last traded at $60.33, with a volume of 10,885,196 shares trading hands.
Several equities analysts have weighed in on the company. BidaskClub upgraded United Continental Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Sanford C. Bernstein restated a “hold” rating on shares of United Continental Holdings in a report on Monday, August 7th. Raymond James Financial, Inc. restated an “outperform” rating and set a $100.00 target price on shares of United Continental Holdings in a report on Friday, July 14th. Cowen and Company raised their target price on United Continental Holdings from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, July 12th. Finally, UBS AG restated a “buy” rating and set a $103.00 target price (up from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Two investment 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 stock. United Continental Holdings presently has a consensus rating of “Hold” and a consensus target price of $83.62.
The stock has a market cap of $17.82 billion, a price-to-earnings ratio of 8.09 and a beta of 1.06. The firm has a 50 day moving average price of $65.83 and a 200-day moving average price of $72.38.
United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.61 EPS. On average, analysts anticipate that United Continental Holdings, Inc. will post $7.51 EPS for the current year.
In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $76.83, for a total value of $230,490.00. Following the transaction, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at approximately $2,179,590.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in UAL. Macquarie Group Ltd. raised its holdings in United Continental Holdings by 61.9% in the 4th quarter. Macquarie Group Ltd. now owns 3,400 shares of the transportation company’s stock valued at $248,000 after acquiring an additional 1,300 shares during the period. IFP Advisors Inc raised its holdings in United Continental Holdings by 15.6% in the 1st quarter. IFP Advisors Inc now owns 2,687 shares of the transportation company’s stock valued at $190,000 after acquiring an additional 363 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its holdings in United Continental Holdings by 8.3% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,365 shares of the transportation company’s stock valued at $590,000 after acquiring an additional 638 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in United Continental Holdings by 8.0% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,546 shares of the transportation company’s stock valued at $1,098,000 after acquiring an additional 1,148 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in United Continental Holdings by 4.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 90,488 shares of the transportation company’s stock valued at $6,386,000 after acquiring an additional 3,701 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
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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.