Profund Advisors LLC Raises Holdings in United Continental Holdings, Inc. (UAL)
Profund Advisors LLC raised its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 25.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,249 shares of the transportation company’s stock after purchasing an additional 2,091 shares during the quarter. Profund Advisors LLC’s holdings in United Continental Holdings were worth $771,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC boosted its stake in United Continental Holdings by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of United Continental Holdings during the 1st quarter worth $122,000. FNY Partners Fund LP boosted its stake in shares of United Continental Holdings by 2,073.9% during the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock worth $141,000 after acquiring an additional 1,908 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of United Continental Holdings during the 2nd quarter worth $181,000. Finally, Comprehensive Portfolio Management LLC bought a new stake in shares of United Continental Holdings during the 2nd quarter worth $204,000. 97.69% of the stock is owned by hedge funds and other institutional investors.
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In related news, Director Edward Shapiro bought 15,000 shares of United Continental Holdings stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of $59.87 per share, with a total value of $898,050.00. Following the purchase, the director now owns 27,707 shares in the company, valued at $1,658,818.09. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently weighed in on UAL shares. ValuEngine raised United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. UBS AG reissued 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. Atlantic Securities started coverage on United Continental Holdings in a research note on Tuesday, June 20th. They set an “overweight” rating and a $100.00 price objective for the company. Zacks Investment Research raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Tuesday, June 20th. Finally, Bank of America Corporation reduced their price objective on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $82.35.
Shares of United Continental Holdings, Inc. (NYSE:UAL) opened at 58.80 on Monday. United Continental Holdings, Inc. has a one year low of $49.28 and a one year high of $83.04. The company’s 50 day moving average price is $63.57 and its 200 day moving average price is $71.48. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 8.12 and a beta of 1.06.
United Continental Holdings (NYSE:UAL) last announced its quarterly 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 company 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%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.61 EPS. On average, analysts expect that United Continental Holdings, Inc. will post $6.27 earnings per share for the current fiscal 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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