United Continental Holdings Inc (UAL) Shares Sold by DNB Asset Management AS

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DNB Asset Management AS trimmed its position in shares of United Continental Holdings Inc (NASDAQ:UAL) by 11.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,435 shares of the transportation company’s stock after selling 2,705 shares during the quarter. DNB Asset Management AS’s holdings in United Continental were worth $1,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Consulta Ltd purchased a new stake in shares of United Continental in the 4th quarter worth $6,280,000. Arrowgrass Capital Partners US LP purchased a new position in shares of United Continental during the fourth quarter valued at about $4,187,000. Game Creek Capital LP grew its position in shares of United Continental by 24.8% during the fourth quarter. Game Creek Capital LP now owns 89,200 shares of the transportation company’s stock valued at $7,469,000 after purchasing an additional 17,700 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in shares of United Continental by 49.6% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 303,300 shares of the transportation company’s stock valued at $25,395,000 after purchasing an additional 100,600 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of United Continental by 647.9% during the fourth quarter. Squarepoint Ops LLC now owns 330,589 shares of the transportation company’s stock valued at $27,680,000 after purchasing an additional 286,389 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on UAL shares. Standpoint Research lowered United Continental from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Macquarie set a $111.00 price objective on United Continental and gave the company a “buy” rating in a research report on Tuesday, January 29th. BidaskClub upgraded United Continental from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Zacks Investment Research restated a “buy” rating and set a $97.00 price objective on shares of United Continental in a research report on Monday, December 31st. Finally, Argus started coverage on United Continental in a research report on Wednesday, January 30th. They set a “buy” rating and a $101.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $101.24.

Shares of NASDAQ:UAL opened at $89.24 on Thursday. The company has a market cap of $22.34 billion, a PE ratio of 9.77, a P/E/G ratio of 0.40 and a beta of 0.96. United Continental Holdings Inc has a one year low of $65.45 and a one year high of $97.85. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.47 and a current ratio of 0.54.

United Continental (NASDAQ:UAL) last issued its earnings results on Tuesday, April 16th. The transportation company reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.21. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.62 billion. United Continental had a net margin of 5.15% and a return on equity of 27.73%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. Sell-side analysts anticipate that United Continental Holdings Inc will post 11.08 earnings per share for the current year.

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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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Institutional Ownership by Quarter for United Continental (NASDAQ:UAL)

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