Everence Capital Management Inc. Lowers Position in United Continental Holdings Inc (UAL)
Everence Capital Management Inc. lessened its stake in United Continental Holdings Inc (NYSE:UAL) by 30.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,230 shares of the transportation company’s stock after selling 1,883 shares during the quarter. Everence Capital Management Inc.’s holdings in United Continental were worth $285,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of UAL. Raymond James Financial Services Advisors Inc. raised its holdings in United Continental by 9.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,889 shares of the transportation company’s stock valued at $443,000 after acquiring an additional 508 shares during the period. Mutual of America Capital Management LLC raised its holdings in United Continental by 2.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 31,567 shares of the transportation company’s stock valued at $2,128,000 after acquiring an additional 780 shares during the period. LS Investment Advisors LLC raised its holdings in United Continental by 10.4% during the 3rd quarter. LS Investment Advisors LLC now owns 8,976 shares of the transportation company’s stock valued at $546,000 after acquiring an additional 848 shares during the period. Hennessy Advisors Inc. raised its holdings in United Continental by 3.7% during the 3rd quarter. Hennessy Advisors Inc. now owns 28,200 shares of the transportation company’s stock valued at $1,717,000 after acquiring an additional 1,000 shares during the period. Finally, Cypress Capital Group raised its holdings in United Continental by 19.3% during the 2nd quarter. Cypress Capital Group now owns 6,359 shares of the transportation company’s stock valued at $479,000 after acquiring an additional 1,028 shares during the period. 94.56% of the stock is currently owned by institutional investors.
UAL has been the topic of a number of analyst reports. Citigroup boosted their target price on shares of United Continental from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Evercore ISI raised shares of United Continental from an “in-line” rating to an “outperform” rating and set a $68.00 target price on the stock in a report on Wednesday, October 25th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 target price (down previously from $110.00) on shares of United Continental in a report on Friday, October 20th. JPMorgan Chase & Co. cut shares of United Continental from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $68.00 to $60.00 in a report on Wednesday, November 1st. Finally, Atlantic Securities reissued a “neutral” rating and set a $100.00 target price (up previously from $58.87) on shares of United Continental in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $83.47.
United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.45. The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.41 billion. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. research analysts expect that United Continental Holdings Inc will post 7.42 EPS for the current year.
United Continental declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
United Continental Profile
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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