United Continental Holdings, Inc. (UAL) is Cyrus Capital Partners L.P.’s 2nd Largest Position
Cyrus Capital Partners L.P. lessened its position in United Continental Holdings, Inc. (NYSE:UAL) by 28.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,421,517 shares of the transportation company’s stock after selling 949,591 shares during the quarter. United Continental Holdings accounts for 22.5% of Cyrus Capital Partners L.P.’s portfolio, making the stock its 2nd largest position. Cyrus Capital Partners L.P. owned about 0.80% of United Continental Holdings worth $182,219,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in 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 worth $1,559,382,000 after buying an additional 21,609,536 shares during the period. Janus Henderson Group PLC increased its stake in 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 worth $523,519,000 after buying an additional 6,934,500 shares during the period. Boston Partners increased its stake in United Continental Holdings by 37.7% in the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after buying an additional 1,324,894 shares during the period. Vanguard Group Inc. increased its stake in 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 worth $1,708,664,000 after buying an additional 930,321 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in 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 worth $86,149,000 after buying an additional 608,570 shares during the period. Hedge funds and other institutional investors own 97.69% of the company’s stock.
Several research analysts recently commented on UAL shares. BidaskClub downgraded shares of United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research reissued a “buy” rating and set a $97.00 target price on shares of United Continental Holdings in a research report on Saturday, July 22nd. UBS AG raised their target price on shares of United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley raised their target price on shares of United Continental Holdings from $79.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, July 20th. Finally, Stephens reissued an “equal weight” rating and set a $65.00 target price (down previously from $80.00) on shares of United Continental Holdings in a research report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $80.19.
In other United Continental Holdings news, Director Edward Shapiro bought 15,000 shares of United Continental Holdings stock in a transaction on Friday, September 15th. The stock was bought at an average price of $59.87 per share, with a total value of $898,050.00. Following the completion of the acquisition, the director now owns 27,707 shares in the company, valued at $1,658,818.09. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by company insiders.
United Continental Holdings, Inc. (NYSE UAL) traded down 0.36% during trading on Thursday, hitting $67.16. 1,715,400 shares of the stock traded hands. The stock has a market cap of $20.43 billion, a P/E ratio of 9.28 and a beta of 1.05. The firm’s 50-day moving average is $61.56 and its 200-day moving average is $70.66. United Continental Holdings, Inc. has a 12 month low of $51.34 and a 12 month high of $83.04.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same period last year, the company earned $2.61 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts forecast that United Continental Holdings, Inc. will post $6.43 EPS for the current year.
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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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