United Continental Holdings, Inc. (UAL) Shares Bought by Hennessy Advisors Inc.
Hennessy Advisors Inc. boosted its position in United Continental Holdings, Inc. (NYSE:UAL) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,200 shares of the transportation company’s stock after acquiring an additional 1,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in United Continental Holdings were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC boosted its holdings in United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 13 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in United Continental Holdings in the first quarter valued at $122,000. Exane Derivatives boosted its holdings in United Continental Holdings by 373.7% in the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 1,461 shares during the last quarter. Sun Life Financial INC boosted its holdings in United Continental Holdings by 18,645.5% in the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after acquiring an additional 2,051 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in United Continental Holdings in the second quarter valued at $181,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.
In other news, Director Robert A. Milton acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was purchased at an average cost of $58.60 per share, with a total value of $58,600.00. Following the completion of the acquisition, the director now directly owns 6,176 shares in the company, valued at $361,913.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward Shapiro acquired 15,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of $59.87 per share, with a total value of $898,050.00. Following the completion of the acquisition, the director now owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.
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A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded United Continental Holdings from a “sell” rating to a “hold” rating in a report on Thursday. J P Morgan Chase & Co cut United Continental Holdings from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $68.00 to $60.00 in a report on Wednesday, November 1st. Evercore ISI upgraded United Continental Holdings from an “in-line” rating to an “outperform” rating and set a $68.00 target price on the stock in a report on Wednesday, October 25th. Atlantic Securities restated a “neutral” rating and set a $100.00 price objective (up previously from $58.87) on shares of United Continental Holdings in a research note on Tuesday, October 24th. Finally, Wolfe Research cut United Continental Holdings from an “outperform” rating to a “hold” rating in a research note on Friday, October 20th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. United Continental Holdings presently has a consensus rating of “Hold” and an average price target of $77.63.
United Continental Holdings, Inc. (NYSE UAL) traded up $0.13 during trading hours on Friday, hitting $58.52. The company had a trading volume of 3,179,900 shares, compared to its average volume of 6,665,105. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. The firm has a market capitalization of $17,336.67, a PE ratio of 8.18, a price-to-earnings-growth ratio of 1.51 and a beta of 1.02. United Continental Holdings, Inc. has a fifty-two week low of $57.34 and a fifty-two week high of $83.04.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.87 billion. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. United Continental Holdings’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $3.11 earnings per share. equities research analysts expect that United Continental Holdings, Inc. will post 6.33 EPS for the current fiscal 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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