Strs Ohio lessened its holdings in shares of United Continental Holdings Inc (NYSE:UAL) by 29.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 594,251 shares of the transportation company’s stock after selling 252,163 shares during the quarter. Strs Ohio owned about 0.22% of United Continental worth $52,923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UAL. Millennium Management LLC grew its holdings in United Continental by 15.2% during the 1st quarter. Millennium Management LLC now owns 147,469 shares of the transportation company’s stock valued at $10,245,000 after buying an additional 19,480 shares in the last quarter. Lansdowne Partners UK LLP purchased a new position in United Continental during the 2nd quarter valued at approximately $251,781,000. Xact Kapitalforvaltning AB grew its holdings in United Continental by 37.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,331 shares of the transportation company’s stock valued at $999,000 after buying an additional 3,894 shares in the last quarter. Boston Advisors LLC purchased a new position in United Continental during the 2nd quarter valued at approximately $1,403,000. Finally, Calamos Wealth Management LLC purchased a new position in United Continental during the 2nd quarter valued at approximately $744,000. 95.21% of the stock is currently owned by institutional investors.

UAL has been the subject of several research analyst reports. Macquarie cut United Continental from an “outperform” rating to a “neutral” rating and set a $95.00 price target for the company. in a report on Tuesday, September 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Monday, October 1st. Buckingham Research set a $108.00 price target on United Continental and gave the company a “buy” rating in a report on Friday, September 7th. Morgan Stanley set a $92.00 price target on United Continental and gave the company a “hold” rating in a report on Tuesday, September 18th. Finally, ValuEngine upgraded United Continental from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $97.47.

Shares of United Continental stock opened at $87.43 on Friday. The company has a market capitalization of $23.75 billion, a PE ratio of 12.93, a P/E/G ratio of 0.51 and a beta of 0.75. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.63 and a quick ratio of 0.56. United Continental Holdings Inc has a one year low of $56.51 and a one year high of $91.39.

United Continental (NYSE:UAL) last announced its earnings results on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.01). The company had revenue of $11 billion during the quarter, compared to analysts’ expectations of $10.95 billion. United Continental had a return on equity of 24.28% and a net margin of 5.23%. United Continental’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.22 EPS. As a group, research analysts forecast that United Continental Holdings Inc will post 8.13 earnings per share for the current year.

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.

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

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