Darrell & King LLC Purchases Shares of 353,194 United Continental Holdings, Inc. (UAL)
Darrell & King LLC purchased a new stake in United Continental Holdings, Inc. (NYSE:UAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 353,194 shares of the transportation company’s stock, valued at approximately $26,578,000. United Continental Holdings makes up about 4.0% of Darrell & King LLC’s holdings, making the stock its 18th largest position. Darrell & King LLC owned approximately 0.12% of United Continental Holdings as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of UAL. MCF Advisors LLC boosted its stake in United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after buying an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in United Continental Holdings during the first quarter valued at approximately $122,000. Paragon Capital Management Ltd bought a new stake in United Continental Holdings during the first quarter valued at approximately $210,000. FNY Partners Fund LP boosted its stake in United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares in the last quarter. Finally, TrimTabs Asset Management LLC boosted its stake in United Continental Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock valued at $147,000 after buying an additional 976 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.
United Continental Holdings, Inc. (NYSE UAL) opened at 66.71 on Thursday. United Continental Holdings, Inc. has a 52-week low of $46.53 and a 52-week high of $83.04. The stock has a 50 day moving average of $72.26 and a 200-day moving average of $73.50. The company has a market cap of $20.29 billion, a price-to-earnings ratio of 9.22 and a beta of 1.03.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.44. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.61 EPS. On average, analysts forecast that United Continental Holdings, Inc. will post $7.81 EPS for the current year.
Several research firms recently commented on UAL. UBS AG restated a “buy” rating and set a $103.00 price target (up from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Sanford C. Bernstein reiterated a “hold” rating on shares of United Continental Holdings in a research note on Monday, August 7th. ValuEngine upgraded shares of United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Cowen and Company reiterated a “market perform” rating and issued a $75.00 target price on shares of United Continental Holdings in a research note on Wednesday, April 19th. Finally, Bank of America Corporation reduced their target price on shares of United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. United Continental Holdings presently has an average rating of “Hold” and a consensus price target of $85.16.
In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the transaction, the executive vice president now owns 28,369 shares in the company, valued at approximately $2,179,590.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by company insiders.
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 flights 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.
Receive News & Stock Ratings for United Continental Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental Holdings Inc. and related stocks with our FREE daily email newsletter.