Commerzbank Aktiengesellschaft FI lessened its stake in shares of United Continental Holdings Inc (NYSE:UAL) by 16.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 31,473 shares of the transportation company’s stock after selling 6,201 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in United Continental were worth $2,195,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in UAL. Adviser Investments LLC acquired a new stake in shares of United Continental during the 2nd quarter valued at $112,000. Gables Capital Management Inc. acquired a new stake in shares of United Continental during the 1st quarter valued at $139,000. Summit Trail Advisors LLC lifted its position in shares of United Continental by 9,454.7% during the 1st quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 138,322 shares during the last quarter. Advisors Preferred LLC lifted its position in shares of United Continental by 521.1% during the 2nd quarter. Advisors Preferred LLC now owns 2,472 shares of the transportation company’s stock valued at $172,000 after acquiring an additional 2,074 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of United Continental by 155.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,596 shares of the transportation company’s stock valued at $181,000 after acquiring an additional 1,580 shares during the last quarter. Institutional investors own 95.21% of the company’s stock.
Shares of NYSE:UAL opened at $88.19 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.56 and a current ratio of 0.63. United Continental Holdings Inc has a 12-month low of $56.51 and a 12-month high of $89.07. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 0.49 and a beta of 0.75.
United Continental (NYSE:UAL) last announced its earnings results on Tuesday, July 17th. The transportation company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.16. United Continental had a net margin of 5.23% and a return on equity of 24.28%. The company had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.72 billion. During the same period in the previous year, the business earned $2.75 EPS. The company’s revenue was up 7.7% on a year-over-year basis. sell-side analysts forecast that United Continental Holdings Inc will post 8.08 earnings per share for the current fiscal year.
In other news, Director Edward Shapiro bought 25,000 shares of the business’s stock in a transaction on Friday, June 8th. The shares were bought at an average cost of $69.15 per share, with a total value of $1,728,750.00. Following the purchase, the director now directly owns 112,707 shares in the company, valued at $7,793,689.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.32% of the stock is owned by insiders.
UAL has been the subject of a number of recent research reports. Citigroup cut their price objective on United Continental from $92.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, May 29th. Imperial Capital cut their price objective on United Continental from $77.00 to $73.00 and set a “line” rating for the company in a research report on Friday, June 1st. Buckingham Research increased their price objective on United Continental from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, June 13th. Deutsche Bank downgraded United Continental from a “buy” rating to a “hold” rating and cut their price objective for the company from $81.00 to $74.00 in a research report on Tuesday, July 3rd. Finally, Morgan Stanley cut their price objective on United Continental from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Thursday, July 12th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $86.07.
United Continental Profile
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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