Pinnacle Associates Ltd. Has $1,826,000 Position in United Continental Holdings, Inc. (UAL)
Pinnacle Associates Ltd. decreased its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 25,054 shares of the company’s stock after selling 1,000 shares during the period. Pinnacle Associates Ltd.’s holdings in United Continental Holdings were worth $1,826,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Frontier Capital Management Co. LLC raised its position in United Continental Holdings by 4.7% in the second quarter. Frontier Capital Management Co. LLC now owns 3,158,273 shares of the company’s stock worth $129,616,000 after buying an additional 141,498 shares during the period. Princeton Capital Management Inc. raised its position in United Continental Holdings by 3.9% in the third quarter. Princeton Capital Management Inc. now owns 40,384 shares of the company’s stock worth $2,119,000 after buying an additional 1,525 shares during the period. Teachers Advisors LLC raised its position in United Continental Holdings by 7.2% in the third quarter. Teachers Advisors LLC now owns 486,253 shares of the company’s stock worth $25,514,000 after buying an additional 32,725 shares during the period. Credit Capital Investments LLC raised its position in United Continental Holdings by 0.3% in the third quarter. Credit Capital Investments LLC now owns 199,638 shares of the company’s stock worth $10,475,000 after buying an additional 538 shares during the period. Finally, Bank of New York Mellon Corp raised its position in United Continental Holdings by 26.7% in the third quarter. Bank of New York Mellon Corp now owns 2,972,433 shares of the company’s stock worth $155,964,000 after buying an additional 626,646 shares during the period. 92.49% of the stock is owned by institutional investors.
United Continental Holdings, Inc. (NYSE:UAL) traded down 0.24% during trading on Friday, hitting $75.49. The stock had a trading volume of 798,309 shares. United Continental Holdings, Inc. has a 52-week low of $37.41 and a 52-week high of $76.80. The company’s 50 day moving average is $73.20 and its 200 day moving average is $61.36. The firm has a market cap of $23.95 billion, a PE ratio of 11.02 and a beta of 0.58.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Tuesday, January 17th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.05. The firm earned $9.05 billion during the quarter, compared to analyst estimates of $8.89 billion. United Continental Holdings had a return on equity of 35.62% and a net margin of 6.19%. United Continental Holdings’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.54 earnings per share. Equities research analysts forecast that United Continental Holdings, Inc. will post $6.76 earnings per share for the current year.
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UAL has been the subject of a number of analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $76.00 price objective (up previously from $59.00) on shares of United Continental Holdings in a research report on Wednesday, December 21st. Stifel Nicolaus reduced their price objective on United Continental Holdings from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 24th. Bank of America Corporation reaffirmed a “hold” rating on shares of United Continental Holdings in a research report on Wednesday, November 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of United Continental Holdings in a research report on Friday, December 16th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $82.00 price objective on shares of United Continental Holdings in a research report on Wednesday, February 1st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $68.77.
In related news, Director Walter Isaacson sold 2,638 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $75.80, for a total value of $199,960.40. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at $379,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by insiders.
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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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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