Investors Buy Shares of United Continental Holdings Inc. (UAL) on Weakness
Traders purchased shares of United Continental Holdings Inc. (NYSE:UAL) on weakness during trading hours on Wednesday. $38.49 million flowed into the stock on the tick-up and $33.90 million flowed out of the stock on the tick-down, for a money net flow of $4.59 million into the stock. Of all companies tracked, United Continental Holdings had the 17th highest net in-flow for the day. United Continental Holdings traded down ($0.08) for the day and closed at $50.23
A number of analysts have issued reports on UAL shares. Standpoint Research started coverage on United Continental Holdings in a report on Thursday, August 25th. They set a “buy” rating and a $70.00 price target for the company. Vetr raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $49.50 price target for the company in a report on Tuesday, August 23rd. Deutsche Bank AG raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Tuesday, July 12th. Morgan Stanley reaffirmed a “buy” rating and set a $57.00 price target on shares of United Continental Holdings in a report on Sunday, August 21st. Finally, Bank of America Corp. reaffirmed a “hold” rating and set a $52.00 price target on shares of United Continental Holdings in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $63.18.
The stock has a 50-day moving average of $49.27 and a 200-day moving average of $48.99. The firm has a market cap of $16.19 billion, a P/E ratio of 2.74 and a beta of 0.45.
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United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.44 by $0.17. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.36 billion. During the same quarter last year, the company posted $3.31 earnings per share. On average, equities analysts forecast that United Continental Holdings Inc. will post $7.98 earnings per share for the current fiscal year.
In related news, CFO Andrew C. Levy purchased 15,000 shares of United Continental Holdings stock in a transaction dated Friday, September 2nd. The shares were acquired at an average price of $50.96 per share, with a total value of $764,400.00. Following the completion of the transaction, the chief financial officer now owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.39% of the company’s stock.
Several institutional investors have recently modified their holdings of UAL. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of United Continental Holdings during the second quarter worth about $556,000. Kentucky Retirement Systems acquired a new position in shares of United Continental Holdings during the second quarter worth about $1,172,000. Mason Street Advisors LLC acquired a new position in shares of United Continental Holdings during the second quarter worth about $1,856,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of United Continental Holdings by 92.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,546 shares of the company’s stock worth $145,000 after buying an additional 1,700 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock worth $105,000 after buying an additional 418 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.
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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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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