Ontario Teachers Pension Plan Board Decreases Position in United Continental Holdings, Inc. (UAL)
Ontario Teachers Pension Plan Board decreased its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 45.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,959 shares of the transportation company’s stock after selling 23,706 shares during the period. Ontario Teachers Pension Plan Board’s holdings in United Continental Holdings were worth $2,179,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC boosted its holdings in United Continental Holdings by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 13 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in United Continental Holdings in the 1st quarter valued at about $122,000. FNY Partners Fund LP grew its position in United Continental Holdings by 2,073.9% in the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 1,908 shares in the last quarter. Captrust Financial Advisors acquired a new position in United Continental Holdings in the 2nd quarter valued at about $181,000. Finally, Comprehensive Portfolio Management LLC acquired a new position in United Continental Holdings in the 2nd quarter valued at about $204,000. 97.69% of the stock is currently owned by hedge funds and other institutional investors.
In other United Continental Holdings news, Director Edward Shapiro bought 15,000 shares of the business’s 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 directly owns 27,707 shares in the company, valued at approximately $1,658,818.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.
United Continental Holdings, Inc. (UAL) opened at 60.88 on Monday. The company has a 50 day moving average of $63.57 and a 200-day moving average of $71.48. The stock has a market capitalization of $18.52 billion, a P/E ratio of 8.41 and a beta of 1.05. United Continental Holdings, Inc. has a 52-week low of $51.34 and a 52-week high of $83.04.
United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter last year, the firm earned $2.61 EPS. United Continental Holdings’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts anticipate that United Continental Holdings, Inc. will post $6.27 EPS for the current year.
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UAL has been the subject of several recent research reports. UBS AG reissued a “buy” rating and issued a $103.00 price objective (up previously from $95.00) on shares of United Continental Holdings in a research note on Friday, June 9th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $100.00 target price on shares of United Continental Holdings in a research note on Friday, July 14th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $86.00 target price on shares of United Continental Holdings in a research note on Thursday, July 13th. Morgan Stanley reiterated an “equal weight” rating and set a $85.00 target price (up from $80.00) on shares of United Continental Holdings in a report on Thursday, July 13th. Finally, Citigroup Inc. increased their target price on shares of United Continental Holdings from $78.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $80.86.
United Continental Holdings 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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