Covey Capital Advisors LLC Has $301,000 Stake in United Continental Holdings, Inc. (UAL)

Covey Capital Advisors LLC continued to hold its stake in shares of United Continental Holdings, Inc. (NYSE:UAL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,000 shares of the transportation company’s stock at the end of the 2nd quarter. Covey Capital Advisors LLC’s holdings in United Continental Holdings were worth $301,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. MCF Advisors LLC grew its position in United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in United Continental Holdings in the first quarter valued at approximately $122,000. FNY Partners Fund LP grew its position in United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 1,908 shares in the last quarter. TrimTabs Asset Management LLC grew its position in United Continental Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 976 shares in the last quarter. Finally, IFP Advisors Inc grew its position in United Continental Holdings by 15.6% in the first quarter. IFP Advisors Inc now owns 2,687 shares of the transportation company’s stock valued at $190,000 after acquiring an additional 363 shares in the last quarter. 97.69% of the stock is owned by institutional investors.

Shares of United Continental Holdings, Inc. (UAL) opened at 58.80 on Friday. United Continental Holdings, Inc. has a 1-year low of $49.28 and a 1-year high of $83.04. The company has a market capitalization of $17.89 billion, a PE ratio of 8.12 and a beta of 1.06. The firm has a 50-day moving average price of $63.57 and a 200-day moving average price of $71.48.

United Continental Holdings (NYSE:UAL) last released its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the previous year, the business posted $2.61 earnings per share. United Continental Holdings’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts anticipate that United Continental Holdings, Inc. will post $6.27 earnings per share for the current year.

Several brokerages have issued reports on UAL. UBS AG reaffirmed a “buy” rating and issued a $103.00 price objective (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of United Continental Holdings in a research report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $110.00 price objective on shares of United Continental Holdings in a research report on Wednesday. Zacks Investment Research downgraded shares of United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $86.00 price target on shares of United Continental Holdings in a research report on Thursday, July 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.35.

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In related news, Director Edward Shapiro purchased 15,000 shares of the stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the transaction, the director now directly owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

United Continental Holdings Profile

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.

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

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