Insider Buying: James Compton Acquires 7,800 Shares of United Continental Holdings Stock (UAL)
United Continental Holdings (NYSE:UAL) Insider James Compton bought 7,800 shares of the company’s stock on the open market in a transaction dated Monday, October 28th. The stock was purchased at an average price of $32.12 per share, with a total value of $250,536.00. Following the completion of the transaction, the insider now directly owns 96,869 shares of the company’s stock, valued at approximately $3,111,432. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of United Continental Holdings (NYSE:UAL) traded up 5.57% on Tuesday, hitting $33.91. 9,589,074 shares of the company’s stock traded hands. United Continental Holdings has a 52 week low of $27.32 and a 52 week high of $36.74. The stock’s 50-day moving average is $31.66 and its 200-day moving average is $31.63. The company’s market cap is $12.271 billion.
United Continental Holdings (NYSE:UAL) last released its earnings data on Thursday, October 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by $0.09. The company had revenue of $10.20 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that United Continental Holdings will post $2.18 EPS for the current fiscal year.
A number of research firms have recently commented on UAL. Analysts at Zacks reiterated a “neutral” rating on shares of United Continental Holdings in a research note to investors on Friday. They now have a $33.00 price target on the stock. Separately, analysts at Buckingham Research upgraded shares of United Continental Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Finally, analysts at JPMorgan Chase & Co. downgraded shares of United Continental Holdings from a “neutral” rating to an “underweight” rating in a research note to investors on Friday. They now have a $25.00 price target on the stock, down previously from $32.50. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $33.79.
United Continental Holdings, Inc (NYSE:UAL) is a holding company and its principal, wholly owned subsidiaries are United Air Lines, Inc (United) and Continental Airlines, Inc (Continental).
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