Quantitative Systematic Strategies LLC raised its stake in United Continental Holdings Inc. (NYSE:UAL) by 21.0% during the second quarter, Holdings Channel reports. The firm owned 26,799 shares of the company’s stock after buying an additional 4,649 shares during the period. United Continental Holdings comprises 0.5% of Quantitative Systematic Strategies LLC’s investment portfolio, making the stock its 28th largest position. Quantitative Systematic Strategies LLC’s holdings in United Continental Holdings were worth $1,087,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Primecap Management Co. CA boosted its stake in United Continental Holdings by 0.3% in the first quarter. Primecap Management Co. CA now owns 19,534,025 shares of the company’s stock worth $1,169,307,000 after buying an additional 68,025 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in United Continental Holdings by 252.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,389,487 shares of the company’s stock worth $83,175,000 after buying an additional 995,632 shares during the last quarter. Franklin Resources Inc. boosted its stake in United Continental Holdings by 1.0% in the first quarter. Franklin Resources Inc. now owns 1,149,691 shares of the company’s stock worth $68,821,000 after buying an additional 11,171 shares during the last quarter. Strs Ohio boosted its stake in United Continental Holdings by 8,368.8% in the second quarter. Strs Ohio now owns 569,526 shares of the company’s stock worth $23,373,000 after buying an additional 562,801 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in United Continental Holdings by 3.4% in the first quarter. Legal & General Group Plc now owns 430,225 shares of the company’s stock worth $25,757,000 after buying an additional 14,102 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.
Shares of United Continental Holdings Inc. (NYSE:UAL) traded down 2.15% during mid-day trading on Friday, hitting $52.82. 2,556,945 shares of the company’s stock traded hands. The company has a market cap of $17.03 billion, a PE ratio of 2.89 and a beta of 0.53. The firm has a 50-day moving average of $50.69 and a 200 day moving average of $48.56. United Continental Holdings Inc. has a 52 week low of $37.41 and a 52 week high of $61.87.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.17. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.36 billion. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. During the same quarter last year, the business posted $3.31 EPS. Equities research analysts predict that United Continental Holdings Inc. will post $7.98 EPS for the current year.
UAL has been the subject of a number of research reports. Vetr raised United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 price objective for the company in a research report on Monday, August 29th. Credit Suisse Group AG set a $47.00 target price on United Continental Holdings and gave the company a “hold” rating in a report on Tuesday, September 13th. Cowen and Company reiterated an “outperform” rating and issued a $60.00 price objective on shares of United Continental Holdings in a research note on Wednesday, August 31st. Standpoint Research assumed coverage on United Continental Holdings in a research note on Thursday, August 25th. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, Bank of America Corp. reiterated a “hold” rating and issued a $52.00 price objective on shares of United Continental Holdings in a research note on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. United Continental Holdings has a consensus rating of “Buy” and a consensus price target of $63.18.
In other news, CFO Andrew C. Levy purchased 15,000 shares of United Continental Holdings stock in a transaction that occurred on Friday, September 2nd. The shares were acquired at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the transaction, the chief financial officer now owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.
United Continental Holdings Company 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 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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