Traders Sell Shares of United Continental Holdings, Inc. (UAL) on Strength (UAL)
Investors sold shares of United Continental Holdings, Inc. (NYSE:UAL) on strength during trading hours on Friday. $40.42 million flowed into the stock on the tick-up and $71.70 million flowed out of the stock on the tick-down, for a money net flow of $31.28 million out of the stock. Of all stocks tracked, United Continental Holdings had the 16th highest net out-flow for the day. United Continental Holdings traded up $0.93 for the day and closed at $65.25
UAL has been the topic of several recent analyst reports. BidaskClub downgraded shares of United Continental Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Buckingham Research reiterated a “buy” rating and issued a $97.00 target price on shares of United Continental Holdings in a report on Saturday, July 22nd. UBS AG lifted their target price on shares of United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley lifted their target price on shares of United Continental Holdings from $79.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, July 20th. Finally, Stephens reiterated an “equal weight” rating and issued a $65.00 target price (down previously from $80.00) on shares of United Continental Holdings in a report on Thursday, September 7th. 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 issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $80.57.
The firm has a 50 day moving average price of $61.38 and a 200-day moving average price of $70.66. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 9.02 and a beta of 1.05.
United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) 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 firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter last year, the business earned $2.61 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that United Continental Holdings, Inc. will post $6.37 EPS for the current year.
In other news, Director Edward Shapiro purchased 15,000 shares of the stock in a transaction on Friday, September 15th. The stock was purchased at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the acquisition, the director now owns 27,707 shares in the company, valued at $1,658,818.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. MCF Advisors LLC increased its stake in shares of United Continental Holdings by 0.9% in 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 in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of United Continental Holdings in the 1st quarter valued at $122,000. FNY Partners Fund LP increased its stake in shares of 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. Sun Life Financial INC increased its stake in shares of United Continental Holdings by 18,645.5% in the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after acquiring an additional 2,051 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of United Continental Holdings in the 2nd quarter valued at $181,000. Hedge funds and other institutional investors own 97.69% of the company’s stock.
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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.
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