Nomura Holdings Inc. decreased its holdings in United Continental Holdings Inc (NASDAQ:UAL) by 71.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,100 shares of the transportation company’s stock after selling 466,865 shares during the period. Nomura Holdings Inc. owned about 0.07% of United Continental worth $16,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in United Continental by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 26,437 shares of the transportation company’s stock worth $2,315,000 after purchasing an additional 372 shares during the period. Teza Capital Management LLC bought a new position in shares of United Continental during the 2nd quarter worth $260,000. Artemis Investment Management LLP grew its position in shares of United Continental by 9.5% during the 2nd quarter. Artemis Investment Management LLP now owns 380,125 shares of the transportation company’s stock worth $33,224,000 after buying an additional 32,936 shares in the last quarter. Partners Capital Investment Group LLP grew its position in shares of United Continental by 9.0% during the 2nd quarter. Partners Capital Investment Group LLP now owns 68,488 shares of the transportation company’s stock worth $5,996,000 after buying an additional 5,677 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its position in shares of United Continental by 11.9% during the 1st quarter. State of Tennessee Treasury Department now owns 174,659 shares of the transportation company’s stock worth $13,935,000 after buying an additional 18,559 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

UAL stock traded down $0.07 during trading on Friday, reaching $89.35. 100,504 shares of the company traded hands, compared to its average volume of 2,425,283. United Continental Holdings Inc has a 12 month low of $77.02 and a 12 month high of $97.85. The business has a 50 day simple moving average of $86.09 and a 200 day simple moving average of $85.67. The company has a market capitalization of $23.05 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 0.35 and a beta of 1.20. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.49 and a current ratio of 0.55.

United Continental (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $4.07 by $0.14. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.37 billion. During the same quarter last year, the company earned $3.23 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts forecast that United Continental Holdings Inc will post 11.72 EPS for the current year.

In other United Continental news, Director Carolyn Corvi sold 1,032 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $86.37, for a total value of $89,133.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward Shapiro purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $82.00 per share, with a total value of $820,000.00. Following the completion of the purchase, the director now owns 182,707 shares of the company’s stock, valued at approximately $14,981,974. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.

A number of equities analysts have recently issued reports on UAL shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of United Continental in a research report on Friday, September 13th. Goldman Sachs Group raised United Continental from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Thursday, June 6th. Berenberg Bank started coverage on United Continental in a research report on Friday, September 6th. They set a “hold” rating and a $95.00 price target on the stock. BidaskClub raised United Continental from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Finally, Zacks Investment Research raised United Continental from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. United Continental currently has a consensus rating of “Buy” and an average price target of $101.72.

United Continental Profile

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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