United Continental Holdings Inc. (UAL) VP Chris Kenny Sells 3,824 Shares
United Continental Holdings Inc. (NYSE:UAL) VP Chris Kenny sold 3,824 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $67.39, for a total value of $257,699.36. Following the transaction, the vice president now directly owns 10,179 shares in the company, valued at $685,962.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of United Continental Holdings Inc. (NYSE:UAL) traded down 0.03% during trading on Monday, reaching $68.27. 1,621,072 shares of the company were exchanged. United Continental Holdings Inc. has a 1-year low of $37.41 and a 1-year high of $68.59. The firm has a market capitalization of $21.66 billion, a PE ratio of 8.71 and a beta of 0.63. The company’s 50-day moving average is $56.82 and its 200 day moving average is $49.14.
United Continental Holdings (NYSE:UAL) last issued its earnings results on Monday, October 17th. The company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.88 by $0.23. The business had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. United Continental Holdings had a net margin of 7.36% and a return on equity of 39.10%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.53 EPS. Equities research analysts expect that United Continental Holdings Inc. will post $7.98 EPS for the current fiscal year.
UAL has been the topic of a number of recent research reports. Vetr raised United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 price objective on the stock in a research note on Monday, August 29th. Credit Suisse Group AG set a $47.00 target price on United Continental Holdings and gave the stock a “hold” rating in a research note on Tuesday, September 13th. Imperial Capital raised their target price on United Continental Holdings from $57.00 to $63.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 11th. Cowen and Company reissued an “outperform” rating and issued a $60.00 target price on shares of United Continental Holdings in a research note on Wednesday, August 31st. Finally, Stifel Nicolaus cut their target price on United Continental Holdings from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $63.82.
Institutional investors have recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock worth $105,000 after buying an additional 418 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of United Continental Holdings during the second quarter worth approximately $107,000. Global X Management Co. LLC increased its position in shares of United Continental Holdings by 134.3% in the third quarter. Global X Management Co. LLC now owns 2,631 shares of the company’s stock worth $138,000 after buying an additional 1,508 shares in the last quarter. Virtus Investment Advisers Inc. bought a new position in shares of United Continental Holdings during the third quarter worth approximately $164,000. Finally, SRB Corp increased its position in shares of United Continental Holdings by 3.6% in the third quarter. SRB Corp now owns 3,275 shares of the company’s stock worth $172,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 94.26% 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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