Insider Selling: Gregory L. Hart Unloads 1,040 Shares of United Continental Holdings Stock (UAL)
United Continental Holdings (NYSE:UAL) COO Gregory L. Hart sold 1,040 shares of the stock on the open market in a transaction dated Monday, July 14th. The stock was sold at an average price of $45.73, for a total transaction of $47,559.20. Following the sale, the chief operating officer now directly owns 21,919 shares of the company’s stock, valued at approximately $1,002,356. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
United Continental Holdings (NYSE:UAL) opened at 43.35 on Friday. United Continental Holdings has a one year low of $27.32 and a one year high of $49.20. The stock’s 50-day moving average is $43.63 and its 200-day moving average is $43.78. The company has a market cap of $16.191 billion and a P/E ratio of 44.50.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Thursday, April 24th. The company reported ($1.33) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.35) by $0.02. The company had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter in the prior year, the company posted ($0.98) earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts predict that United Continental Holdings will post $4.24 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of United Continental Holdings in a research note on Monday. They now have a $48.00 price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of United Continental Holdings in a research note on Friday, July 11th. They now have a $46.00 price target on the stock, up previously from $42.00. Finally, analysts at Imperial Capital reiterated an “in-line” rating on shares of United Continental Holdings in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.70.
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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