Boston Advisors LLC boosted its position in United Continental Holdings Inc. (NYSE:UAL) by 8.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,076 shares of the company’s stock after buying an additional 1,121 shares during the period. Boston Advisors LLC’s holdings in United Continental Holdings were worth $578,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Conning Inc. increased its position in United Continental Holdings by 2.0% in the second quarter. Conning Inc. now owns 7,610 shares of the company’s stock worth $312,000 after buying an additional 150 shares during the period. PGGM Investments bought a new stake in shares of United Continental Holdings during the second quarter valued at approximately $2,752,000. Deltec Asset Management LLC bought a new stake in shares of United Continental Holdings during the second quarter valued at approximately $1,355,000. Strs Ohio increased its stake in shares of United Continental Holdings by 8,368.8% in the second quarter. Strs Ohio now owns 569,526 shares of the company’s stock valued at $23,373,000 after buying an additional 562,801 shares during the period. Finally, Pitcairn Co. bought a new stake in shares of United Continental Holdings during the second quarter valued at approximately $333,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of United Continental Holdings Inc. (NYSE:UAL) traded up 0.90% during midday trading on Tuesday, hitting $53.73. The company had a trading volume of 5,658,226 shares. The stock has a 50 day moving average price of $50.36 and a 200 day moving average price of $48.48. United Continental Holdings Inc. has a 1-year low of $37.41 and a 1-year high of $61.87. The firm has a market capitalization of $17.32 billion, a P/E ratio of 2.94 and a beta of 0.53.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.17. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. The company earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.36 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. On average, equities analysts anticipate that United Continental Holdings Inc. will post $7.98 EPS for the current fiscal year.
UAL has been the subject of several analyst reports. Credit Suisse Group AG reissued an “underweight” rating on shares of United Continental Holdings in a research note on Saturday, June 25th. Cowen and Company reissued an “outperform” rating and issued a $60.00 price objective on shares of United Continental Holdings in a research note on Wednesday, August 31st. Morgan Stanley reissued a “buy” rating and issued a $57.00 price objective on shares of United Continental Holdings in a research note on Sunday, August 21st. Raymond James Financial Inc. raised United Continental Holdings from a “market perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Tuesday, August 30th. Finally, Zacks Investment Research downgraded United Continental Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $63.18.
In other news, CFO Andrew C. Levy bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was bought at an average price of $50.96 per share, with a total value of $764,400.00. Following the completion of the transaction, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.39% of the company’s stock.
About United Continental Holdings
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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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.
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