The Manufacturers Life Insurance Company lifted its holdings in shares of United Continental Holdings Inc (NASDAQ:UAL) by 20.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,598 shares of the transportation company’s stock after purchasing an additional 38,929 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of United Continental worth $7,117,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in UAL. Victory Capital Management Inc. boosted its position in shares of United Continental by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 324,991 shares of the transportation company’s stock valued at $28,628,000 after purchasing an additional 19,297 shares in the last quarter. KBC Group NV boosted its position in shares of United Continental by 20.8% during the 4th quarter. KBC Group NV now owns 25,991 shares of the transportation company’s stock valued at $2,289,000 after purchasing an additional 4,483 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in shares of United Continental by 8.7% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 7,941 shares of the transportation company’s stock valued at $700,000 after purchasing an additional 633 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of United Continental by 306,511.1% during the 4th quarter. Golden State Wealth Management LLC now owns 27,595 shares of the transportation company’s stock valued at $2,431,000 after purchasing an additional 27,586 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of United Continental by 3.2% during the 4th quarter. TD Asset Management Inc. now owns 414,921 shares of the transportation company’s stock valued at $36,550,000 after purchasing an additional 12,945 shares in the last quarter. Institutional investors own 85.18% of the company’s stock.

Shares of United Continental stock opened at $34.14 on Friday. The company has a market cap of $8.47 billion, a PE ratio of 9.28 and a beta of 1.49. United Continental Holdings Inc has a 52 week low of $17.80 and a 52 week high of $96.03. The business has a 50 day moving average price of $32.88 and a 200-day moving average price of $52.13. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 1.98.

United Continental (NASDAQ:UAL) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported ($2.57) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.36) by $0.79. The company had revenue of $7.98 billion during the quarter, compared to the consensus estimate of $8.21 billion. United Continental had a return on equity of 20.51% and a net margin of 2.43%. United Continental’s revenue was down 16.8% on a year-over-year basis. During the same period last year, the business posted $1.15 earnings per share. As a group, research analysts anticipate that United Continental Holdings Inc will post -20.99 EPS for the current year.

Several equities research analysts recently commented on the company. ValuEngine upgraded United Continental from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Argus lowered United Continental from a “buy” rating to a “hold” rating in a report on Wednesday, March 11th. Deutsche Bank cut their price target on United Continental from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Cowen cut their price target on United Continental from $37.00 to $30.00 and set a “market perform” rating on the stock in a report on Wednesday, April 22nd. Finally, Raymond James lowered United Continental to a “sell” rating in a report on Friday, June 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $61.75.

United Continental Company Profile

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

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

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