Daiwa SB Investments Ltd. decreased its stake in shares of United Continental Holdings Inc (NASDAQ:UAL) by 17.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,180 shares of the transportation company’s stock after selling 460 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in United Continental were worth $174,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of UAL. Consulta Ltd acquired a new position in United Continental during the 4th quarter valued at approximately $6,280,000. Arrowgrass Capital Partners US LP acquired a new stake in shares of United Continental in the fourth quarter worth $4,187,000. Game Creek Capital LP increased its stake in shares of United Continental by 24.8% in the fourth quarter. Game Creek Capital LP now owns 89,200 shares of the transportation company’s stock worth $7,469,000 after acquiring an additional 17,700 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of United Continental by 49.6% in 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 worth $25,395,000 after acquiring an additional 100,600 shares during the period. Finally, Squarepoint Ops LLC increased its stake in shares of United Continental by 647.9% in the fourth quarter. Squarepoint Ops LLC now owns 330,589 shares of the transportation company’s stock worth $27,680,000 after acquiring an additional 286,389 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.
A number of research firms have recently weighed in on UAL. BidaskClub upgraded shares of United Continental from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Cowen reiterated a “market perform” rating and issued a $99.00 price objective (up previously from $97.00) on shares of United Continental in a research note on Wednesday. Zacks Investment Research lowered shares of United Continental from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Buckingham Research increased their price objective on shares of United Continental from $109.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Standpoint Research lowered shares of United Continental from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $101.41.
United Continental (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.21. United Continental had a net margin of 5.15% and a return on equity of 27.73%. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts anticipate that United Continental Holdings Inc will post 11.08 EPS for the current year.
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About United Continental
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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