Insider Selling: United Continental Holdings Inc (NASDAQ:UAL) Director Sells $5,245,334.82 in Stock

United Continental Holdings Inc (NASDAQ:UAL) Director Edward Shapiro sold 157,707 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $33.26, for a total transaction of $5,245,334.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Edward Shapiro also recently made the following trade(s):

  • On Friday, July 24th, Edward Shapiro sold 25,000 shares of United Continental stock. The stock was sold at an average price of $33.52, for a total transaction of $838,000.00.

Shares of NASDAQ:UAL opened at $31.38 on Friday. The company has a market cap of $9.24 billion, a price-to-earnings ratio of -5.12 and a beta of 1.49. The company has a 50-day moving average price of $34.52 and a 200-day moving average price of $44.39. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 2.32. United Continental Holdings Inc has a 12 month low of $17.80 and a 12 month high of $95.16.

United Continental (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($9.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($9.13) by ($0.18). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.22 billion. United Continental had a negative return on equity of 15.01% and a negative net margin of 5.25%. During the same quarter last year, the business earned $4.21 earnings per share. As a group, research analysts forecast that United Continental Holdings Inc will post -22.29 EPS for the current fiscal year.

Several brokerages recently issued reports on UAL. Credit Suisse Group lowered shares of United Continental from an “outperform” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Friday, June 12th. JPMorgan Chase & Co. downgraded shares of United Continental from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $45.00 to $43.00 in a research note on Wednesday, June 10th. ValuEngine raised shares of United Continental from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Cowen lowered their price target on shares of United Continental from $37.00 to $30.00 and set a “market perform” rating for the company in a research note on Wednesday, April 22nd. Finally, Raymond James downgraded shares of United Continental to a “sell” rating in a research note on Friday, June 5th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.75.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted its position in shares of United Continental by 120.3% during the first quarter. Cornerstone Advisors Inc. now owns 881 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 481 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of United Continental by 176.6% during the first quarter. Bessemer Group Inc. now owns 780 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 498 shares during the period. Winslow Evans & Crocker Inc. boosted its stake in shares of United Continental by 24.9% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,496 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 498 shares during the period. Franklin Resources Inc. boosted its stake in shares of United Continental by 2.8% during the fourth quarter. Franklin Resources Inc. now owns 22,013 shares of the transportation company’s stock valued at $1,939,000 after purchasing an additional 594 shares during the period. Finally, Huntington National Bank boosted its stake in shares of United Continental by 145.7% during the second quarter. Huntington National Bank now owns 1,096 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 650 shares during the period. Institutional investors own 85.13% of the company’s stock.

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.

Further Reading: Understanding Average Daily Trade Volume

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