Traders Sell Shares of United Continental Holdings Inc. (UAL) on Strength Following Insider Selling
Investors sold shares of United Continental Holdings Inc. (NYSE:UAL) on strength during trading hours on Monday following insider selling activity. $74.37 million flowed into the stock on the tick-up and $240.46 million flowed out of the stock on the tick-down, for a money net flow of $166.09 million out of the stock. Of all equities tracked, United Continental Holdings had the 0th highest net out-flow for the day. United Continental Holdings traded up $0.70 for the day and closed at $68.99Specifically, VP Chris Kenny sold 3,824 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $67.39, for a total value of $257,699.36. Following the completion of the sale, the vice president now directly owns 10,179 shares in the company, valued at $685,962.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Andrew C. Levy bought 15,000 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was bought 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 owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The disclosure for this purchase can be found here. 0.39% of the stock is currently owned by corporate insiders.
A number of research analysts have weighed in on the stock. Vetr raised shares of United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 price target on the stock in a research report on Monday, August 29th. Credit Suisse Group AG set a $47.00 price target on shares of United Continental Holdings and gave the company a “hold” rating in a research report on Tuesday, September 13th. Imperial Capital lifted their price target 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. Cowen and Company reaffirmed an “outperform” rating and set a $60.00 price target on shares of United Continental Holdings in a research report on Wednesday, August 31st. Finally, Stifel Nicolaus reduced their price target on shares of United Continental Holdings from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $64.44.
The stock has a market capitalization of $22.05 billion, a price-to-earnings ratio of 8.87 and a beta of 0.63. The company has a 50-day moving average of $57.73 and a 200-day moving average of $49.52.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Monday, October 17th. The company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.23. United Continental Holdings had a return on equity of 39.10% and a net margin of 7.36%. The company earned $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the business earned $4.53 earnings per share. United Continental Holdings’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities research analysts expect that United Continental Holdings Inc. will post $7.98 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. Strategic Advisors LLC boosted its stake in United Continental Holdings by 1.1% in the second quarter. Strategic Advisors LLC now owns 22,456 shares of the company’s stock valued at $922,000 after buying an additional 248 shares in the last quarter. Premier Asset Managment LLC boosted its position in shares of United Continental Holdings by 1.5% in the second quarter. Premier Asset Managment LLC now owns 223,515 shares of the company’s stock valued at $9,173,000 after buying an additional 3,235 shares during the period. Balasa Dinverno & Foltz LLC purchased a new position in shares of United Continental Holdings during the second quarter valued at approximately $720,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of United Continental Holdings during the second quarter valued at approximately $13,051,000. Finally, Creative Planning boosted its position in shares of United Continental Holdings by 64.7% in the second quarter. Creative Planning now owns 102,144 shares of the company’s stock valued at $4,192,000 after buying an additional 40,143 shares during the period. 94.26% of the stock is owned by institutional investors.
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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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