BlueMountain Capital Management LLC purchased a new stake in United Continental Holdings Inc (NYSE:UAL) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 1,468 shares of the transportation company’s stock, valued at approximately $102,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Adviser Investments LLC acquired a new stake in shares of United Continental during the 2nd quarter worth about $112,000. Gables Capital Management Inc. acquired a new stake in shares of United Continental during the 1st quarter worth about $139,000. Summit Trail Advisors LLC lifted its stake in shares of United Continental by 9,454.7% during the 1st quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock worth $140,000 after buying an additional 138,322 shares during the last quarter. Advisors Preferred LLC lifted its stake in shares of United Continental by 521.1% during the 2nd quarter. Advisors Preferred LLC now owns 2,472 shares of the transportation company’s stock worth $172,000 after buying an additional 2,074 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of United Continental by 155.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,596 shares of the transportation company’s stock worth $181,000 after buying an additional 1,580 shares during the last quarter. Institutional investors own 95.21% of the company’s stock.

A number of research firms have recently issued reports on UAL. Morgan Stanley set a $92.00 target price on shares of United Continental and gave the stock a “hold” rating in a research note on Tuesday, September 18th. Macquarie cut shares of United Continental from an “outperform” rating to a “neutral” rating and set a $95.00 target price for the company. in a research note on Tuesday, September 18th. They noted that the move was a valuation call. Buckingham Research set a $108.00 target price on shares of United Continental and gave the stock a “buy” rating in a research note on Friday, September 7th. ValuEngine upgraded shares of United Continental from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Finally, Citigroup restated a “top pick” rating and set a $99.00 target price on shares of United Continental in a research note on Thursday, July 19th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. United Continental presently has a consensus rating of “Buy” and a consensus target price of $89.27.

NYSE:UAL opened at $87.92 on Wednesday. United Continental Holdings Inc has a 52 week low of $56.51 and a 52 week high of $91.39. The stock has a market cap of $23.75 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 0.51 and a beta of 0.75. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.56 and a current ratio of 0.63.

United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 17th. The transportation company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.16. United Continental had a net margin of 5.23% and a return on equity of 24.28%. The business had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.72 billion. During the same period last year, the firm earned $2.75 earnings per share. United Continental’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities research analysts anticipate that United Continental Holdings Inc will post 8.13 earnings per share for the current year.

United Continental Profile

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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