California State Teachers Retirement System cut its stake in United Continental Holdings, Inc. (NYSE:UAL) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 465,051 shares of the transportation company’s stock after selling 53,939 shares during the period. California State Teachers Retirement System owned 0.16% of United Continental worth $28,312,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp increased its holdings in shares of United Continental by 28.2% during the third quarter. Stifel Financial Corp now owns 16,868 shares of the transportation company’s stock valued at $1,018,000 after purchasing an additional 3,709 shares during the period. Pinebridge Investments L.P. increased its holdings in shares of United Continental by 24,992.6% during the third quarter. Pinebridge Investments L.P. now owns 166,615 shares of the transportation company’s stock valued at $10,143,000 after purchasing an additional 165,951 shares during the period. Vivaldi Capital Management LLC acquired a new position in shares of United Continental during the third quarter valued at $304,000. Westfield Capital Management Co. LP increased its holdings in shares of United Continental by 28.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,738,886 shares of the transportation company’s stock valued at $105,863,000 after purchasing an additional 380,410 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in shares of United Continental by 15.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 67,065 shares of the transportation company’s stock valued at $4,083,000 after purchasing an additional 8,799 shares during the period. 95.92% of the stock is currently owned by hedge funds and other institutional investors.
United Continental Holdings, Inc. (NYSE:UAL) opened at $64.09 on Monday. United Continental Holdings, Inc. has a 52 week low of $56.51 and a 52 week high of $83.04. The firm has a market capitalization of $18,889.03, a PE ratio of 8.92, a P/E/G ratio of 1.64 and a beta of 1.04. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37.
United Continental (NYSE:UAL) last announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The business had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.87 billion. During the same quarter last year, the business posted $3.11 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. equities analysts forecast that United Continental Holdings, Inc. will post 6.35 EPS for the current fiscal year.
United Continental declared that its board has authorized a share buyback plan on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In other news, Director Robert A. Milton bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was acquired at an average price of $58.60 per share, with a total value of $58,600.00. Following the completion of the purchase, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.27% of the company’s stock.
A number of brokerages have recently commented on UAL. TheStreet raised United Continental from a “c+” rating to a “b” rating in a report on Thursday, December 7th. Imperial Capital raised their price target on United Continental from $57.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, December 13th. Cowen reissued a “hold” rating and set a $67.00 price target on shares of United Continental in a report on Friday, December 8th. Stifel Nicolaus reissued a “buy” rating and set a $110.00 price target on shares of United Continental in a report on Wednesday, September 20th. Finally, Barclays reissued a “buy” rating and set a $80.00 price target on shares of United Continental in a report on Monday, September 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. United Continental presently has an average rating of “Hold” and a consensus target price of $78.29.
United Continental 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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