Andra AP fonden decreased its position in United Continental Holdings Inc (NASDAQ:UAL) by 13.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,700 shares of the transportation company’s stock after selling 7,300 shares during the period. Andra AP fonden’s holdings in United Continental were worth $4,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. Stifel Financial Corp raised its stake in United Continental by 127.7% in the 3rd quarter. Stifel Financial Corp now owns 79,693 shares of the transportation company’s stock worth $7,054,000 after acquiring an additional 44,693 shares during the last quarter. Redpoint Investment Management Pty Ltd purchased a new position in United Continental in the 3rd quarter worth $1,748,000. MUFG Americas Holdings Corp raised its stake in United Continental by 129.6% in the 3rd quarter. MUFG Americas Holdings Corp now owns 3,214 shares of the transportation company’s stock worth $284,000 after acquiring an additional 1,814 shares during the last quarter. First Allied Advisory Services Inc. grew its position in United Continental by 28.7% during the 3rd quarter. First Allied Advisory Services Inc. now owns 7,137 shares of the transportation company’s stock worth $631,000 after purchasing an additional 1,591 shares during the period. Finally, Cetera Advisor Networks LLC acquired a new stake in United Continental during the 3rd quarter worth about $207,000. Institutional investors own 98.73% of the company’s stock.
In other news, Director Carolyn Corvi sold 1,016 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $91.83, for a total transaction of $93,299.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 3,072 shares of company stock worth $273,416 over the last 90 days. Insiders own 0.40% of the company’s stock.
United Continental (NASDAQ:UAL) last posted its earnings results on Tuesday, October 15th. The transportation company reported $4.07 EPS for the quarter, beating the Zacks’ consensus estimate of $3.97 by $0.10. United Continental had a return on equity of 30.06% and a net margin of 6.60%. The firm had revenue of $11.38 billion for the quarter, compared to analysts’ expectations of $11.43 billion. During the same period last year, the firm earned $3.06 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts expect that United Continental Holdings Inc will post 12.01 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the company. UBS Group assumed coverage on United Continental in a research report on Tuesday, November 12th. They set a “buy” rating and a $110.00 price target on the stock. Goldman Sachs Group set a $128.00 price target on United Continental and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Cowen set a $96.00 price target on United Continental and gave the stock a “hold” rating in a research report on Friday, October 11th. Credit Suisse Group increased their price target on United Continental from $117.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Zacks Investment Research raised United Continental from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. United Continental presently has a consensus rating of “Buy” and an average price target of $103.86.
About United Continental
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
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