United Continental Holdings, Inc. (UAL) Shares Sold by Alyeska Investment Group L.P.
Alyeska Investment Group L.P. lowered its stake in United Continental Holdings, Inc. (NYSE:UAL) by 16.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 165,508 shares of the transportation company’s stock after selling 31,792 shares during the period. Alyeska Investment Group L.P. owned 0.06% of United Continental worth $10,076,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of United Continental by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after purchasing an additional 930,321 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of United Continental by 30,735.3% in the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock worth $523,519,000 after purchasing an additional 6,934,500 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of United Continental by 8.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,431,983 shares of the transportation company’s stock worth $208,949,000 after purchasing an additional 269,219 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of United Continental by 33.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock worth $160,585,000 after purchasing an additional 656,990 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of United Continental by 11.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,186,098 shares of the transportation company’s stock worth $133,088,000 after purchasing an additional 222,636 shares during the last quarter. 95.92% of the stock is owned by institutional investors.
Shares of United Continental Holdings, Inc. (NYSE UAL) traded down $0.26 during trading hours on Tuesday, hitting $63.98. 1,324,910 shares of the company were exchanged, compared to its average volume of 4,370,601. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37. United Continental Holdings, Inc. has a twelve month low of $56.51 and a twelve month high of $83.04. The company has a market cap of $18,826.84, a P/E ratio of 8.89, a PEG ratio of 1.64 and a beta of 1.04.
United Continental (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 analysts’ consensus estimates of $2.12 by $0.10. The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.87 billion. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.11 EPS. analysts expect that United Continental Holdings, Inc. will post 6.31 earnings per share for the current fiscal year.
United Continental declared that its board has initiated a share repurchase plan on Thursday, December 7th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
Several equities research analysts have recently weighed in on the stock. Citigroup boosted their target price on shares of United Continental from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Cowen reissued a “market perform” rating and issued a $70.00 target price (up previously from $63.00) on shares of United Continental in a research report on Thursday, October 12th. Morgan Stanley dropped their target price on shares of United Continental from $79.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Wolfe Research raised shares of United Continental to an “outperform” rating and dropped their target price for the stock from $97.00 to $95.00 in a research report on Sunday, August 20th. Finally, Zacks Investment Research downgraded shares of United Continental from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $77.91.
In other news, Director Robert A. Milton bought 1,000 shares of United Continental stock in a transaction 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 purchase, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Shapiro bought 15,000 shares of United Continental stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of $59.87 per share, with a total value of $898,050.00. Following the completion of the purchase, the director now directly owns 27,707 shares in the company, valued at $1,658,818.09. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.
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United Continental 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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