Northwestern Mutual Wealth Management Co. Decreases Holdings in United Continental Holdings, Inc. (UAL)
Northwestern Mutual Wealth Management Co. lowered its position in United Continental Holdings, Inc. (NYSE:UAL) by 79.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,586 shares of the transportation company’s stock after selling 6,027 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in United Continental Holdings were worth $119,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. MCF Advisors LLC lifted its holdings in United Continental Holdings by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in United Continental Holdings in the 1st quarter valued at $122,000. FNY Partners Fund LP lifted its holdings in United Continental Holdings by 2,073.9% in the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 1,908 shares in the last quarter. Comprehensive Portfolio Management LLC purchased a new position in United Continental Holdings in the 2nd quarter valued at $204,000. Finally, Stratos Wealth Partners LTD. purchased a new position in United Continental Holdings in the 2nd quarter valued at $215,000. Institutional investors own 97.69% of the company’s stock.
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Shares of United Continental Holdings, Inc. (NYSE:UAL) opened at 58.80 on Friday. The company’s 50 day moving average price is $63.57 and its 200-day moving average price is $71.48. The firm has a market capitalization of $17.89 billion, a P/E ratio of 8.12 and a beta of 1.06. United Continental Holdings, Inc. has a 12 month low of $49.28 and a 12 month high of $83.04.
United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.61 earnings per share. On average, equities analysts predict that United Continental Holdings, Inc. will post $6.27 earnings per share for the current fiscal year.
A number of research analysts have weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $110.00 price objective on shares of United Continental Holdings in a report on Wednesday. Zacks Investment Research lowered United Continental Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday. Raymond James Financial, Inc. restated a “market perform” rating on shares of United Continental Holdings in a report on Wednesday. Buckingham Research lowered United Continental Holdings from a “buy” rating to a “neutral” rating and raised their price objective for the company from $49.28 to $59.80 in a report on Monday, September 18th. Finally, J P Morgan Chase & Co lowered United Continental Holdings from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $84.00 to $68.00 in a report on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. United Continental Holdings presently has an average rating of “Hold” and an average target price of $82.35.
In other United Continental Holdings news, Director Edward Shapiro bought 15,000 shares of the company’s 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 completion of the purchase, the director now owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.27% of the company’s stock.
United Continental Holdings 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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