United Continental Holdings, Inc. (UAL) Holdings Trimmed by Crystal Rock Capital Management
Crystal Rock Capital Management lowered its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,487 shares of the transportation company’s stock after selling 4,775 shares during the quarter. United Continental Holdings accounts for 5.7% of Crystal Rock Capital Management’s holdings, making the stock its 5th biggest position. Crystal Rock Capital Management’s holdings in United Continental Holdings were worth $8,766,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC boosted its position in United Continental Holdings by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after acquiring an additional 13 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in United Continental Holdings during the 1st quarter worth approximately $122,000. FNY Partners Fund LP boosted its position in United Continental Holdings by 2,073.9% during the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock worth $141,000 after acquiring an additional 1,908 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in United Continental Holdings by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock worth $147,000 after acquiring an additional 976 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in United Continental Holdings during the 2nd quarter worth approximately $181,000. 97.69% of the stock is owned by hedge funds and other institutional investors.
United Continental Holdings, Inc. (NYSE UAL) traded down 2.032% on Monday, reaching $58.585. The company’s stock had a trading volume of 1,393,404 shares. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 8.095 and a beta of 1.06. The firm has a 50 day moving average of $64.14 and a 200 day moving average of $71.77. 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 issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.44. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.61 EPS. Analysts anticipate that United Continental Holdings, Inc. will post $6.71 earnings per share for the current year.
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Several research firms have recently commented on UAL. BidaskClub raised United Continental Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Barclays PLC reissued a “buy” rating and issued a $90.00 price objective on shares of United Continental Holdings in a report on Thursday. Sanford C. Bernstein reissued a “hold” rating on shares of United Continental Holdings in a report on Monday, August 7th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $100.00 price objective on shares of United Continental Holdings in a report on Friday, July 14th. Finally, Cowen and Company increased their price objective on United Continental Holdings from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $79.85.
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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