State Treasurer State of Michigan lessened its holdings in United Continental Holdings Inc (NASDAQ:UAL) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,544 shares of the transportation company’s stock after selling 1,000 shares during the period. State Treasurer State of Michigan’s holdings in United Continental were worth $5,149,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Pinnacle Financial Partners Inc. acquired a new position in United Continental in the first quarter worth about $25,000. Stone House Investment Management LLC acquired a new position in United Continental in the first quarter worth about $30,000. Quadrant Capital Group LLC increased its holdings in shares of United Continental by 202.8% during the first quarter. Quadrant Capital Group LLC now owns 1,196 shares of the transportation company’s stock worth $93,000 after buying an additional 801 shares in the last quarter. Winslow Evans & Crocker Inc. increased its holdings in shares of United Continental by 32.1% during the first quarter. Winslow Evans & Crocker Inc. now owns 2,158 shares of the transportation company’s stock worth $174,000 after buying an additional 524 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in shares of United Continental during the first quarter worth approximately $210,000. 98.11% of the stock is owned by hedge funds and other institutional investors.
In other news, COO Gregory L. Hart sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $89.66, for a total transaction of $448,300.00. Following the sale, the chief operating officer now directly owns 22,087 shares of the company’s stock, valued at $1,980,320.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.
Shares of UAL traded down $0.20 during mid-day trading on Friday, hitting $82.38. 43,708 shares of the company traded hands, compared to its average volume of 2,168,018. United Continental Holdings Inc has a one year low of $67.93 and a one year high of $97.85. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.50 and a quick ratio of 0.43. The stock has a market capitalization of $21.56 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 0.35 and a beta of 0.99.
United Continental (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.21. United Continental had a net margin of 5.43% and a return on equity of 28.41%. The business had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. United Continental’s revenue was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that United Continental Holdings Inc will post 11.14 EPS for the current year.
Several analysts have recently weighed in on the stock. BidaskClub lowered shares of United Continental from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Buckingham Research raised their price objective on shares of United Continental from $109.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Cowen reaffirmed a “market perform” rating and set a $99.00 price objective (up previously from $97.00) on shares of United Continental in a report on Wednesday, April 17th. Standpoint Research lowered shares of United Continental from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Imperial Capital reaffirmed an “underperform” rating and set a $81.00 price objective (up previously from $78.00) on shares of United Continental in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $101.41.
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United Continental Company Profile
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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