United Continental Holdings, Inc. (UAL) Position Decreased by Korea Investment CORP
Korea Investment CORP cut its stake in shares of United Continental Holdings, Inc. (NYSE:UAL) by 29.0% during the second quarter, Holdings Channel reports. The institutional investor owned 97,400 shares of the transportation company’s stock after selling 39,700 shares during the period. Korea Investment CORP’s holdings in United Continental Holdings were worth $7,329,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of UAL. NN Investment Partners Holdings N.V. boosted its stake in United Continental Holdings by 10.4% in the first quarter. NN Investment Partners Holdings N.V. now owns 184,918 shares of the transportation company’s stock valued at $13,063,000 after buying an additional 17,420 shares in the last quarter. Independent Advisor Alliance boosted its stake in United Continental Holdings by 29.1% in the first quarter. Independent Advisor Alliance now owns 4,256 shares of the transportation company’s stock valued at $298,000 after buying an additional 959 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in United Continental Holdings during the first quarter valued at approximately $19,240,000. Stifel Financial Corp boosted its stake in United Continental Holdings by 10.2% in the first quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock valued at $463,000 after buying an additional 606 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in United Continental Holdings by 4.0% in the first quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock valued at $406,000 after buying an additional 220 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.
United Continental Holdings, Inc. (NYSE UAL) opened at 67.06 on Thursday. The firm’s 50-day moving average price is $73.78 and its 200 day moving average price is $73.77. United Continental Holdings, Inc. has a 52-week low of $46.53 and a 52-week high of $83.04. The stock has a market cap of $20.40 billion, a P/E ratio of 9.27 and a beta of 1.03.
United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.44. The firm 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 firm’s revenue for the quarter 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. Equities analysts predict that United Continental Holdings, Inc. will post $7.83 earnings per share for the current year.
Several analysts have recently commented on UAL shares. Vetr cut United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 price target for the company. in a report on Tuesday, May 2nd. BidaskClub cut United Continental Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine raised United Continental Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Buckingham Research reissued a “buy” rating and issued a $97.00 price target on shares of United Continental Holdings in a report on Saturday, July 22nd. Finally, UBS AG raised their price target on United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. United Continental Holdings presently has a consensus rating of “Hold” and a consensus target price of $85.16.
In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total value of $230,490.00. Following the completion of the sale, the executive vice president now directly owns 28,369 shares in the company, valued at $2,179,590.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.
About United Continental Holdings
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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