Flinton Capital Management LLC lessened its stake in shares of United Continental Holdings Inc (NYSE:UAL) by 36.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,672 shares of the transportation company’s stock after selling 76,440 shares during the quarter. Flinton Capital Management LLC’s holdings in United Continental were worth $9,009,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Preferred LLC boosted its holdings in shares of United Continental by 1,100.8% in the fourth quarter. Advisors Preferred LLC now owns 1,513 shares of the transportation company’s stock worth $102,000 after buying an additional 1,387 shares during the last quarter. Focused Wealth Management Inc purchased a new position in shares of United Continental in the fourth quarter worth approximately $135,000. Deltec Asset Management LLC purchased a new position in shares of United Continental in the fourth quarter worth approximately $203,000. Beach Investment Counsel Inc. PA purchased a new position in shares of United Continental in the fourth quarter worth approximately $204,000. Finally, Wetherby Asset Management Inc. purchased a new position in shares of United Continental in the fourth quarter worth approximately $208,000. 97.22% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on UAL. Zacks Investment Research downgraded shares of United Continental from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America set a $83.00 price objective on shares of United Continental and gave the stock a “buy” rating in a report on Tuesday, March 6th. Imperial Capital reissued an “in-line” rating and issued a $74.00 price objective (up previously from $64.00) on shares of United Continental in a report on Thursday, January 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of United Continental in a report on Wednesday, January 24th. Finally, Morgan Stanley reissued a “hold” rating and issued a $74.00 price objective (up previously from $71.00) on shares of United Continental in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $83.03.
United Continental (NYSE:UAL) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.45. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.41 billion. United Continental had a net margin of 5.65% and a return on equity of 23.40%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 earnings per share. equities research analysts forecast that United Continental Holdings Inc will post 7.55 EPS for the current fiscal year.
United Continental announced that its board has initiated a stock repurchase plan on Thursday, December 7th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
United Continental 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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