PDT Partners LLC Sells 68,409 Shares of United Continental Holdings, Inc. (UAL)
PDT Partners LLC decreased its holdings in United Continental Holdings, Inc. (NYSE:UAL) by 50.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,818 shares of the transportation company’s stock after selling 68,409 shares during the period. PDT Partners LLC’s holdings in United Continental Holdings were worth $5,103,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Hosking Partners LLP lifted its holdings in United Continental Holdings by 1.6% during the second quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock worth $36,625,000 after buying an additional 7,737 shares during the period. Pacad Investment Ltd. purchased a new position in shares of United Continental Holdings in the 2nd quarter valued at $3,306,000. Renaissance Technologies LLC purchased a new position in shares of United Continental Holdings in the 1st quarter valued at $19,240,000. Stifel Financial Corp increased its holdings in shares of United Continental Holdings by 10.2% in the 1st quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock valued at $463,000 after acquiring an additional 606 shares during the period. Finally, Thrivent Financial For Lutherans increased its holdings in shares of United Continental Holdings by 1.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,147,310 shares of the transportation company’s stock valued at $86,335,000 after acquiring an additional 18,310 shares during the period. 97.69% of the stock is owned by institutional investors.
Several research analysts have recently commented on UAL shares. Buckingham Research lowered United Continental Holdings from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $49.28 to $59.80 in a research report on Monday, September 18th. UBS AG raised their price objective on United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, July 12th. Barclays PLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of United Continental Holdings in a research report on Monday, September 25th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $86.00 price objective on shares of United Continental Holdings in a research report on Thursday, July 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $71.00 target price (down previously from $72.00) on shares of United Continental Holdings in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $80.86.
In other United Continental Holdings news, Director Edward Shapiro bought 15,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of $59.87 per share, with a total value of $898,050.00. Following the acquisition, the director now directly 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 accessible through this hyperlink. Insiders own 0.27% of the company’s stock.
United Continental Holdings, Inc. (NYSE UAL) opened at 60.97 on Monday. The stock has a market cap of $18.55 billion, a PE ratio of 8.42 and a beta of 1.05. The company’s 50 day moving average is $63.57 and its 200 day moving average is $71.48. United Continental Holdings, Inc. has a one year low of $51.34 and a one year high of $83.04.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 earnings per share. On average, equities research analysts expect that United Continental Holdings, Inc. will post $6.27 EPS for the current year.
United Continental Holdings Company 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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