Advantus Capital Management Inc Has $1.60 Million Position in United Continental Holdings, Inc. (UAL)
Advantus Capital Management Inc lowered its stake in United Continental Holdings, Inc. (NYSE:UAL) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,266 shares of the transportation company’s stock after selling 2,058 shares during the quarter. Advantus Capital Management Inc owned approximately 8,866.16% of United Continental Holdings worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of UAL. Janus Henderson Group PLC increased its stake in United Continental Holdings by 30,735.3% in the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock worth $523,519,000 after purchasing an additional 6,934,500 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in United Continental Holdings in the 3rd quarter worth about $121,305,000. Boston Partners increased its stake in United Continental Holdings by 37.7% in the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after purchasing an additional 1,324,894 shares in the last quarter. Vanguard Group Inc. increased its stake in United Continental Holdings by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after purchasing an additional 930,321 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in United Continental Holdings by 33.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock worth $160,585,000 after purchasing an additional 656,990 shares in the last quarter. 97.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of United Continental Holdings, Inc. (NYSE:UAL) opened at $58.52 on Friday. United Continental Holdings, Inc. has a 1-year low of $57.34 and a 1-year high of $83.04. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $17,336.67, a P/E ratio of 8.18, a P/E/G ratio of 1.51 and a beta of 1.02.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.87 billion. During the same period in the previous year, the company earned $3.11 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. analysts predict that United Continental Holdings, Inc. will post 6.33 earnings per share for the current year.
UAL has been the topic of several research analyst reports. Citigroup Inc. reaffirmed a “neutral” rating and set a $68.00 target price (down previously from $85.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Zacks Investment Research cut United Continental Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of United Continental Holdings in a research note on Wednesday, September 20th. Morgan Stanley lowered their target price on United Continental Holdings from $79.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Finally, Sanford C. Bernstein reaffirmed a “hold” rating on shares of United Continental Holdings in a research note on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. United Continental Holdings currently has a consensus rating of “Hold” and an average price target of $77.63.
In related news, Director Edward Shapiro bought 15,000 shares of United Continental Holdings stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the acquisition, the director now owns 27,707 shares in the company, valued at $1,658,818.09. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert A. Milton bought 1,000 shares of United Continental Holdings stock in a transaction that occurred on Tuesday, October 24th. The stock was bought at an average price of $58.60 per share, with a total value of $58,600.00. Following the completion of the acquisition, the director now owns 6,176 shares in the company, valued at approximately $361,913.60. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.
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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 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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