LSV Asset Management Has $313.19 Million Position in United Continental Holdings, Inc. (UAL)
LSV Asset Management lessened its stake in shares of United Continental Holdings, Inc. (NYSE:UAL) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,162,053 shares of the transportation company’s stock after selling 13,400 shares during the period. LSV Asset Management owned approximately 1.37% of United Continental Holdings worth $313,194,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Intact Investment Management Inc. bought a new position in United Continental Holdings during the 2nd quarter valued at approximately $339,000. Hosking Partners LLP increased its holdings in shares of United Continental Holdings by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock worth $36,625,000 after purchasing an additional 7,737 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of United Continental Holdings by 2.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 563,841 shares of the transportation company’s stock worth $42,429,000 after purchasing an additional 12,422 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in shares of United Continental Holdings by 7.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 58,266 shares of the transportation company’s stock worth $4,385,000 after purchasing an additional 4,061 shares in the last quarter. Finally, Delta Lloyd Asset Management N.V. bought a new stake in shares of United Continental Holdings in the 2nd quarter worth $780,000. 97.70% of the stock is owned by institutional investors.
A number of analysts have commented on UAL shares. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Imperial Capital lifted their price objective on United Continental Holdings from $75.00 to $77.00 and gave the stock an “in-line” rating in a report on Tuesday, July 18th. Buckingham Research reaffirmed a “buy” rating and issued a $97.00 price objective on shares of United Continental Holdings in a report on Saturday, July 22nd. Bank of America Corporation reiterated a “buy” rating and set a $105.00 target price on shares of United Continental Holdings in a research report on Wednesday, July 12th. Finally, Cowen and Company lifted their target price on United Continental Holdings from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $85.84.
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In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $76.83, for a total transaction of $230,490.00. Following the transaction, the executive vice president now directly owns 28,369 shares in the company, valued at $2,179,590.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.27% of the company’s stock.
Shares of United Continental Holdings, Inc. (NYSE UAL) traded down 4.34% on Wednesday, reaching $58.45. 3,378,788 shares of the company were exchanged. The company has a market capitalization of $17.78 billion, a P/E ratio of 8.08 and a beta of 1.06. United Continental Holdings, Inc. has a 52-week low of $49.28 and a 52-week high of $83.04. The stock has a 50 day moving average of $66.80 and a 200-day moving average of $72.56.
United Continental Holdings (NYSE:UAL) last issued its earnings results 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. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period in the prior year, the business posted $2.61 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts predict that United Continental Holdings, Inc. will post $7.77 EPS for the current fiscal year.
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 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.
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