Teacher Retirement System of Texas lifted its stake in shares of United Continental Holdings Inc (NYSE:UAL) by 46.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,708 shares of the transportation company’s stock after purchasing an additional 110,451 shares during the quarter. Teacher Retirement System of Texas’ holdings in United Continental were worth $23,638,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Exane Derivatives lifted its position in United Continental by 373.7% in the 3rd quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 1,461 shares in the last quarter. Deltec Asset Management LLC bought a new position in United Continental in the 4th quarter valued at about $203,000. Beach Investment Counsel Inc. PA bought a new position in United Continental in the 4th quarter valued at about $204,000. Zeke Capital Advisors LLC bought a new position in United Continental in the 3rd quarter valued at about $230,000. Finally, Americafirst Capital Management LLC lifted its position in United Continental by 299.4% in the 3rd quarter. Americafirst Capital Management LLC now owns 4,270 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 3,201 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

Shares of United Continental Holdings Inc (NYSE:UAL) opened at $62.98 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. United Continental Holdings Inc has a one year low of $56.51 and a one year high of $83.04. The stock has a market cap of $18,773.52, a P/E ratio of 9.36 and a beta of 1.02.

United Continental (NYSE:UAL) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.45. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the business posted $1.78 EPS. United Continental’s quarterly revenue was up 4.3% compared to the same quarter last year. research analysts expect that United Continental Holdings Inc will post 7.43 earnings per share for the current year.

United Continental announced that its Board of Directors has initiated a stock buyback program on Thursday, December 7th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Several brokerages recently weighed in on UAL. Morgan Stanley raised their price target on shares of United Continental from $68.00 to $71.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Buckingham Research raised their price target on shares of United Continental from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Bank of America increased their price objective on shares of United Continental from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Evercore ISI lowered shares of United Continental from an “outperform” rating to an “in-line” rating in a research note on Wednesday, January 24th. Finally, Imperial Capital reiterated an “in-line” rating and issued a $74.00 price objective (up previously from $64.00) on shares of United Continental in a research note on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $83.47.

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About United Continental

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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Institutional Ownership by Quarter for United Continental (NYSE:UAL)

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