Engineers Gate Manager LP acquired a new stake in shares of United Continental Holdings (NYSE:UAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 36,847 shares of the transportation company’s stock, valued at approximately $2,560,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UAL. Diamond Hill Capital Management Inc. boosted its holdings in shares of United Continental by 74.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 5,600,156 shares of the transportation company’s stock valued at $389,043,000 after acquiring an additional 2,396,608 shares in the last quarter. Brandywine Global Investment Management LLC lifted its holdings in United Continental by 1,700.2% during the 4th quarter. Brandywine Global Investment Management LLC now owns 1,520,487 shares of the transportation company’s stock worth $102,481,000 after buying an additional 1,436,026 shares during the period. Cyrus Capital Partners L.P. lifted its holdings in United Continental by 18.4% during the 4th quarter. Cyrus Capital Partners L.P. now owns 3,133,622 shares of the transportation company’s stock worth $211,206,000 after buying an additional 487,000 shares during the period. Lodge Hill Capital LLC acquired a new position in United Continental during the 4th quarter worth about $23,590,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in United Continental by 51.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,013,009 shares of the transportation company’s stock worth $68,276,000 after buying an additional 341,989 shares during the period. 97.92% of the stock is currently owned by institutional investors.

In other news, Director Edward Shapiro bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The stock was acquired at an average cost of $65.86 per share, with a total value of $3,293,000.00. Following the transaction, the director now directly owns 77,707 shares of the company’s stock, valued at approximately $5,117,783.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Gregory L. Hart sold 4,000 shares of the business’s stock in a transaction dated Thursday, April 19th. The shares were sold at an average price of $70.62, for a total value of $282,480.00. Following the completion of the sale, the chief operating officer now directly owns 24,279 shares of the company’s stock, valued at $1,714,582.98. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Several research analysts have commented on UAL shares. Bank of America set a $83.00 target price on United Continental and gave the stock a “buy” rating in a report on Tuesday, March 6th. ValuEngine downgraded United Continental from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley lifted their target price on United Continental from $68.00 to $71.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Sanford C. Bernstein raised United Continental from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research raised United Continental from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. United Continental has an average rating of “Hold” and an average target price of $85.94.

Shares of United Continental opened at $68.03 on Wednesday, MarketBeat Ratings reports. The stock has a market capitalization of $18.48 billion, a PE ratio of 9.70 and a beta of 0.88. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.52 and a current ratio of 0.58. United Continental Holdings has a 1 year low of $66.18 and a 1 year high of $68.35.

United Continental (NYSE:UAL) last announced its quarterly earnings data on Tuesday, April 17th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.43. The company had revenue of $9.03 billion for the quarter, compared to the consensus estimate of $9.01 billion. United Continental had a return on equity of 23.63% and a net margin of 5.69%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. equities research analysts forecast that United Continental Holdings will post 7.89 EPS for the current fiscal year.

About United Continental

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

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Institutional Ownership by Quarter for United Continental (NYSE:UAL)

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