United Continental Holdings Inc. (NYSE:UAL) posted its earnings results on Monday. The company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.23. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%.

United Continental Holdings (NYSE:UAL) traded down 0.32% during mid-day trading on Monday, hitting $53.03. 6,389,747 shares of the stock traded hands. United Continental Holdings has a 12-month low of $37.41 and a 12-month high of $61.87. The firm’s 50-day moving average is $51.72 and its 200-day moving average is $48.38. The company has a market cap of $17.10 billion, a price-to-earnings ratio of 2.90 and a beta of 0.53.

Earnings History for United Continental Holdings (NYSE:UAL)

In other news, CFO Andrew C. Levy bought 15,000 shares of the stock in a transaction dated Friday, September 2nd. The shares were acquired at an average price of $50.96 per share, with a total value of $764,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,791 shares in the company, valued at $1,059,509.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Janus Capital Management LLC increased its stake in shares of United Continental Holdings by 9.3% in the second quarter. Janus Capital Management LLC now owns 11,044,991 shares of the company’s stock valued at $453,275,000 after buying an additional 935,246 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of United Continental Holdings by 9.1% in the second quarter. BlackRock Group LTD now owns 2,202,574 shares of the company’s stock valued at $90,392,000 after buying an additional 184,196 shares during the period. Franklin Resources Inc. boosted its stake in shares of United Continental Holdings by 1.8% in the second quarter. Franklin Resources Inc. now owns 1,170,664 shares of the company’s stock valued at $48,043,000 after buying an additional 20,973 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of United Continental Holdings by 17.2% in the second quarter. Parametric Portfolio Associates LLC now owns 828,127 shares of the company’s stock valued at $33,986,000 after buying an additional 121,670 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of United Continental Holdings by 887.2% in the second quarter. Thrivent Financial for Lutherans now owns 729,530 shares of the company’s stock valued at $29,940,000 after buying an additional 655,630 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on UAL shares. Standpoint Research restated a “buy” rating on shares of United Continental Holdings in a research report on Wednesday, July 27th. Imperial Capital boosted their target price on shares of United Continental Holdings from $57.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, October 11th. Credit Suisse Group AG downgraded shares of United Continental Holdings from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $64.00 to $42.00 in a research report on Wednesday, July 6th. JPMorgan Chase & Co. decreased their price objective on shares of United Continental Holdings from $72.00 to $61.50 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Finally, Vetr upgraded shares of 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $63.05.

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.

5 Day Chart for NYSE:UAL

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