Vanguard Group Inc. Has $1.71 Billion Holdings in United Continental Holdings, Inc. (UAL)
Vanguard Group Inc. grew its position in United Continental Holdings, Inc. (NYSE:UAL) by 4.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,706,502 shares of the transportation company’s stock after purchasing an additional 930,321 shares during the quarter. Vanguard Group Inc. owned about 7.46% of United Continental Holdings worth $1,708,664,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UAL. Suntrust Banks Inc. grew its holdings in United Continental Holdings by 4.0% in the first quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock worth $406,000 after purchasing an additional 220 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in United Continental Holdings by 18.0% in the first quarter. UBS Asset Management Americas Inc. now owns 538,267 shares of the transportation company’s stock worth $38,023,000 after purchasing an additional 82,122 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in United Continental Holdings in the first quarter worth $3,283,000. Hosking Partners LLP grew its holdings in United Continental Holdings by 10.0% in the first quarter. Hosking Partners LLP now owns 478,973 shares of the transportation company’s stock worth $33,835,000 after purchasing an additional 43,423 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in United Continental Holdings by 14.6% in the first quarter. Penserra Capital Management LLC now owns 16,636 shares of the transportation company’s stock worth $1,175,000 after purchasing an additional 2,122 shares during the last quarter. 97.69% of the stock is currently owned by institutional investors and hedge funds.
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United Continental Holdings, Inc. (NYSE UAL) opened at 58.80 on Friday. The firm has a 50 day moving average of $63.57 and a 200-day moving average of $71.48. United Continental Holdings, Inc. has a 12 month low of $49.28 and a 12 month high of $83.04. The firm has a market cap of $17.89 billion, a P/E ratio of 8.12 and a beta of 1.06.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $9.95 billion. During the same period last year, the firm posted $2.61 EPS. United Continental Holdings’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that United Continental Holdings, Inc. will post $6.27 earnings per share for the current year.
In other United Continental Holdings news, Director Edward Shapiro acquired 15,000 shares of the stock in a transaction on Friday, September 15th. The shares were bought at an average cost of $59.87 per share, with a total value of $898,050.00. Following the transaction, the director now owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.
Several research firms have issued reports on UAL. BidaskClub raised shares of United Continental Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Barclays PLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of United Continental Holdings in a report on Thursday, September 14th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of United Continental Holdings in a report on Monday, August 7th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of United Continental Holdings in a report on Wednesday. Finally, Zacks Investment Research lowered shares of United Continental Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. United Continental Holdings has an average rating of “Hold” and a consensus price target of $82.35.
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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