Ibex Investors LLC acquired a new stake in United Continental Holdings Inc (NYSE:UAL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,305 shares of the transportation company’s stock, valued at approximately $205,000.
A number of other large investors also recently modified their holdings of UAL. Lansdowne Partners UK LLP bought a new position in United Continental in the 2nd quarter valued at approximately $251,781,000. Ashler Capital LLC lifted its stake in United Continental by 232.4% in the 3rd quarter. Ashler Capital LLC now owns 1,653,554 shares of the transportation company’s stock valued at $147,266,000 after purchasing an additional 1,156,097 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of United Continental during the third quarter valued at $100,572,000. Bank of Montreal Can raised its stake in shares of United Continental by 995.6% during the third quarter. Bank of Montreal Can now owns 961,261 shares of the transportation company’s stock valued at $85,609,000 after acquiring an additional 873,525 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of United Continental by 131.5% during the third quarter. Canada Pension Plan Investment Board now owns 615,085 shares of the transportation company’s stock valued at $54,779,000 after acquiring an additional 349,439 shares during the last quarter. 95.21% of the stock is owned by institutional investors and hedge funds.
In other news, Director Edward Shapiro acquired 30,000 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was bought at an average cost of $92.57 per share, for a total transaction of $2,777,100.00. Following the completion of the transaction, the director now directly owns 152,707 shares in the company, valued at approximately $14,136,086.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.
United Continental (NYSE:UAL) last posted its quarterly earnings data on Tuesday, October 16th. The transportation company reported $3.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.01). The firm had revenue of $11 billion for the quarter, compared to the consensus estimate of $10.95 billion. During the same period in the previous year, the business posted $2.22 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year.
Several equities analysts have recently issued reports on the stock. Stephens raised shares of United Continental from an “equal weight” rating to an “overweight” rating and set a $112.00 price target for the company in a research note on Thursday, October 18th. Buckingham Research dropped their price target on shares of United Continental from $108.00 to $101.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Bank of America raised their price target on shares of United Continental from $94.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 10th. Cowen reaffirmed a “market perform” rating and set a $94.00 price target (up previously from $82.00) on shares of United Continental in a research note on Wednesday, October 17th. Finally, Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Monday, October 22nd. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $103.75.
United Continental Profile
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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