Northern Trust Corp Sells 191,001 Shares of United Continental Holdings, Inc. (UAL)
Northern Trust Corp reduced its holdings in United Continental Holdings, Inc. (NYSE:UAL) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,942,170 shares of the transportation company’s stock after selling 191,001 shares during the period. Northern Trust Corp owned 0.97% of United Continental Holdings worth $221,399,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. GSA Capital Partners LLP increased its stake in United Continental Holdings by 492.2% in the 2nd quarter. GSA Capital Partners LLP now owns 24,430 shares of the transportation company’s stock valued at $1,838,000 after buying an additional 20,305 shares during the last quarter. Trustmark National Bank Trust Department acquired a new stake in United Continental Holdings in the 2nd quarter valued at $1,317,000. UBS Asset Management Americas Inc. increased its stake in United Continental Holdings by 14.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 615,851 shares of the transportation company’s stock valued at $46,343,000 after buying an additional 77,584 shares during the last quarter. Rafferty Asset Management LLC acquired a new stake in United Continental Holdings in the 2nd quarter valued at $2,162,000. Finally, Mutual of America Capital Management LLC increased its stake in United Continental Holdings by 4.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 34,611 shares of the transportation company’s stock valued at $2,604,000 after buying an additional 1,399 shares during the last quarter. Hedge funds and other institutional investors own 97.69% of the company’s stock.
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In other United Continental Holdings news, Director Edward Shapiro acquired 15,000 shares of the stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the acquisition, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.
UAL has been the topic of several recent analyst reports. Bank of America Corporation restated a “buy” rating and set a $105.00 price objective on shares of United Continental Holdings in a research note on Wednesday, July 12th. UBS AG restated a “buy” rating and set a $103.00 price objective (up from $95.00) on shares of United Continental Holdings in a research note on Friday, June 9th. Citigroup Inc. restated a “neutral” rating and set a $68.00 price objective (down from $85.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Raymond James Financial, Inc. restated a “market perform” rating on shares of United Continental Holdings in a research note on Wednesday. Finally, Morgan Stanley restated an “equal weight” rating and set a $85.00 price objective (up from $80.00) on shares of United Continental Holdings in a research note on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $82.35.
United Continental Holdings, Inc. (NYSE:UAL) opened at 58.80 on Friday. United Continental Holdings, Inc. has a 12 month low of $49.28 and a 12 month high of $83.04. The firm has a market capitalization of $17.89 billion, a PE ratio of 8.12 and a beta of 1.06. The firm has a 50-day moving average of $63.57 and a 200 day moving average of $71.48.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.44. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. United Continental Holdings’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.61 earnings per share. Equities research analysts forecast that United Continental Holdings, Inc. will post $6.27 earnings per share for the current year.
United Continental Holdings 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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