New England Research & Management Inc. reduced its position in United Continental Holdings Inc (NASDAQ:UAL) by 47.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,390 shares of the transportation company’s stock after selling 10,358 shares during the period. New England Research & Management Inc.’s holdings in United Continental were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in United Continental by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 26,437 shares of the transportation company’s stock worth $2,315,000 after acquiring an additional 372 shares during the period. Teza Capital Management LLC acquired a new position in United Continental during the second quarter worth $260,000. Artemis Investment Management LLP raised its position in United Continental by 9.5% during the second quarter. Artemis Investment Management LLP now owns 380,125 shares of the transportation company’s stock worth $33,224,000 after acquiring an additional 32,936 shares during the period. Partners Capital Investment Group LLP raised its position in United Continental by 9.0% during the second quarter. Partners Capital Investment Group LLP now owns 68,488 shares of the transportation company’s stock worth $5,996,000 after acquiring an additional 5,677 shares during the period. Finally, Calamos Advisors LLC purchased a new stake in shares of United Continental during the second quarter worth $53,183,000. Institutional investors own 98.60% of the company’s stock.
Shares of UAL traded down $0.36 during mid-day trading on Friday, reaching $93.44. The stock had a trading volume of 914,900 shares, compared to its average volume of 2,792,374. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.54 and a quick ratio of 0.48. United Continental Holdings Inc has a 52-week low of $77.02 and a 52-week high of $97.85. The business’s fifty day moving average is $89.11 and its 200 day moving average is $87.21. The firm has a market cap of $23.56 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 0.38 and a beta of 1.18.
United Continental (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $4.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.97 by $0.10. United Continental had a net margin of 6.60% and a return on equity of 30.06%. The firm had revenue of $11.38 billion during the quarter, compared to analyst estimates of $11.43 billion. During the same quarter in the prior year, the firm posted $3.06 earnings per share. United Continental’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that United Continental Holdings Inc will post 11.96 EPS for the current fiscal year.
UAL has been the subject of a number of research reports. Cowen set a $96.00 target price on shares of United Continental and gave the stock a “hold” rating in a report on Friday, October 11th. BidaskClub raised shares of United Continental from a “hold” rating to a “buy” rating in a report on Friday. Credit Suisse Group upped their target price on shares of United Continental from $117.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of United Continental in a report on Friday, September 13th. Finally, ValuEngine raised shares of United Continental from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. United Continental has a consensus rating of “Buy” and an average target price of $103.07.
In related news, Director Carolyn Corvi sold 1,016 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $91.83, for a total value of $93,299.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Shapiro acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $82.00 per share, with a total value of $820,000.00. Following the acquisition, the director now directly owns 182,707 shares of the company’s stock, valued at approximately $14,981,974. The disclosure for this purchase can be found here. Insiders sold 3,072 shares of company stock valued at $273,416 in the last three months. 0.40% of the stock is currently owned by insiders.
About United Continental
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
Recommended Story: Monthly Dividend Stocks Can Provide Solid Income
Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Continental Holdings Inc (NASDAQ:UAL).
Receive News & Ratings for United Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental and related companies with MarketBeat.com's FREE daily email newsletter.