Accident Compensation Corp bought a new position in shares of United Continental Holdings Inc (NASDAQ:UAL) during the first quarter, Holdings Channel reports. The firm bought 19,033 shares of the transportation company’s stock, valued at approximately $1,518,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bayesian Capital Management LP lifted its position in shares of United Continental by 78.0% in the first quarter. Bayesian Capital Management LP now owns 46,113 shares of the transportation company’s stock valued at $3,679,000 after acquiring an additional 20,200 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of United Continental in the first quarter valued at $295,000. SRB Corp lifted its position in shares of United Continental by 29.2% in the first quarter. SRB Corp now owns 8,124 shares of the transportation company’s stock valued at $648,000 after acquiring an additional 1,834 shares in the last quarter. Acorn Advisory Capital L.P. purchased a new stake in shares of United Continental in the first quarter valued at $367,000. Finally, Fort Sheridan Advisors LLC lifted its position in shares of United Continental by 8.7% in the first quarter. Fort Sheridan Advisors LLC now owns 6,412 shares of the transportation company’s stock valued at $512,000 after acquiring an additional 512 shares in the last quarter. Institutional investors own 99.92% of the company’s stock.

Several brokerages have recently issued reports on UAL. BidaskClub upgraded United Continental from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Cowen restated a “market perform” rating and issued a $99.00 price objective (up from $97.00) on shares of United Continental in a research report on Wednesday, April 17th. Zacks Investment Research downgraded United Continental from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Goldman Sachs Group upgraded United Continental from a “neutral” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Thursday, June 6th. Finally, Standpoint Research lowered United Continental from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. United Continental presently has an average rating of “Buy” and a consensus price target of $102.24.

United Continental stock opened at $87.12 on Monday. The firm has a market capitalization of $22.92 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.37 and a beta of 1.06. United Continental Holdings Inc has a 52 week low of $67.94 and a 52 week high of $97.85. The company has a quick ratio of 0.43, a current ratio of 0.50 and a debt-to-equity ratio of 1.85.

United Continental (NASDAQ:UAL) last released its earnings results on Tuesday, April 16th. The transportation company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.21. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.62 billion. United Continental had a return on equity of 28.41% and a net margin of 5.43%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. Research analysts predict that United Continental Holdings Inc will post 11.14 EPS for the current year.

In other United Continental news, COO Gregory L. Hart sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $89.66, for a total transaction of $448,300.00. Following the completion of the sale, the chief operating officer now directly owns 22,087 shares in the company, valued at $1,980,320.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

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About United Continental

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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