United Continental Holdings, Inc. (UAL) Shares Bought by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company grew its holdings in shares of United Continental Holdings, Inc. (NYSE:UAL) by 16.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 582,362 shares of the transportation company’s stock after buying an additional 83,095 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.19% of United Continental Holdings worth $43,823,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. MCF Advisors LLC boosted its holdings in shares of United Continental Holdings by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after buying an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of United Continental Holdings during the 1st quarter worth approximately $122,000. FNY Partners Fund LP boosted its holdings in shares of United Continental Holdings by 2,073.9% during the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock worth $141,000 after buying an additional 1,908 shares in the last quarter. Sun Life Financial INC boosted its holdings in shares of United Continental Holdings by 18,645.5% during the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after buying an additional 2,051 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of United Continental Holdings during the 2nd quarter worth approximately $181,000. Hedge funds and other institutional investors own 97.69% of the company’s stock.
UAL has been the topic of a number of research analyst reports. Atlantic Securities initiated coverage on United Continental Holdings in a report on Tuesday, June 20th. They set an “overweight” rating and a $100.00 price target on the stock. Bank of America Corporation cut their price target on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, June 30th. BidaskClub cut United Continental Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Cowen and Company increased their price target on United Continental Holdings from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, July 12th. Finally, UBS AG increased their target price on United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. United Continental Holdings presently has a consensus rating of “Hold” and a consensus target price of $80.19.
United Continental Holdings, Inc. (NYSE UAL) traded down 0.1417% during midday trading on Thursday, reaching $67.3045. The company had a trading volume of 814,350 shares. The stock has a market capitalization of $20.48 billion, a PE ratio of 9.3001 and a beta of 1.05. United Continental Holdings, Inc. has a 12-month low of $51.34 and a 12-month high of $83.04. The company has a 50-day moving average of $61.56 and a 200-day moving average of $70.66.
United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The company’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 $6.43 EPS for the current fiscal year.
In other United Continental Holdings news, Director Edward Shapiro purchased 15,000 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the director now directly owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.27% of the stock is owned by insiders.
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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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