Millennium Management LLC boosted its stake in shares of United Continental Holdings Inc (NYSE:UAL) by 15.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 147,469 shares of the transportation company’s stock after purchasing an additional 19,480 shares during the period. Millennium Management LLC owned approximately 0.05% of United Continental worth $10,245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gotham Asset Management LLC grew its position in United Continental by 8,182.6% during the 4th quarter. Gotham Asset Management LLC now owns 321,364 shares of the transportation company’s stock worth $21,660,000 after purchasing an additional 317,484 shares during the period. California Public Employees Retirement System grew its position in United Continental by 4.7% during the 1st quarter. California Public Employees Retirement System now owns 732,694 shares of the transportation company’s stock worth $50,900,000 after purchasing an additional 32,612 shares during the period. Municipal Employees Retirement System of Michigan grew its position in United Continental by 18.2% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 11,360 shares of the transportation company’s stock worth $765,000 after purchasing an additional 1,750 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of United Continental during the 4th quarter valued at about $5,251,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of United Continental during the 4th quarter valued at about $10,527,000. 96.16% of the stock is currently owned by institutional investors.

UAL stock opened at $71.30 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.52 and a current ratio of 0.58. United Continental Holdings Inc has a 12-month low of $56.51 and a 12-month high of $81.39. The stock has a market capitalization of $19.67 billion, a P/E ratio of 10.55 and a beta of 0.87.

United Continental (NYSE:UAL) last posted its quarterly earnings data on Tuesday, April 17th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.43. United Continental had a return on equity of 23.63% and a net margin of 5.69%. The company had revenue of $9.03 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same period in the previous year, the firm posted $0.31 EPS. United Continental’s revenue was up 7.2% compared to the same quarter last year. analysts expect that United Continental Holdings Inc will post 7.78 earnings per share for the current year.

In other United Continental news, Director Edward Shapiro bought 50,000 shares of the firm’s stock in a transaction on Thursday, May 10th. The shares were acquired at an average cost of $65.86 per share, with a total value of $3,293,000.00. Following the purchase, the director now directly owns 77,707 shares of the company’s stock, valued at approximately $5,117,783.02. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Gregory L. Hart sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 19th. The stock was sold at an average price of $70.62, for a total transaction of $282,480.00. Following the completion of the transaction, the chief operating officer now directly owns 24,279 shares in the company, valued at $1,714,582.98. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

A number of equities research analysts have recently commented on the company. Buckingham Research raised their target price on United Continental from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, June 13th. ValuEngine cut United Continental from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research cut United Continental from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Bank of America raised their target price on United Continental from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 19th. Finally, Stephens set a $78.00 target price on United Continental and gave the company a “hold” rating in a research report on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. United Continental has a consensus rating of “Hold” and an average price target of $86.11.

About United Continental

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

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

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