Ontario Teachers Pension Plan Board Sells 6,227 Shares of United Continental Holdings Inc (UAL)

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Ontario Teachers Pension Plan Board trimmed its holdings in United Continental Holdings Inc (NYSE:UAL) by 46.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,184 shares of the transportation company’s stock after selling 6,227 shares during the period. Ontario Teachers Pension Plan Board’s holdings in United Continental were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management raised its holdings in shares of United Continental by 2.8% in the second quarter. LSV Asset Management now owns 4,373,989 shares of the transportation company’s stock valued at $304,998,000 after purchasing an additional 119,461 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United Continental by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,317,812 shares of the transportation company’s stock valued at $301,075,000 after purchasing an additional 144,690 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of United Continental in the first quarter valued at about $84,777,000. Thrivent Financial for Lutherans raised its holdings in shares of United Continental by 0.6% in the first quarter. Thrivent Financial for Lutherans now owns 1,105,509 shares of the transportation company’s stock valued at $76,800,000 after purchasing an additional 6,529 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of United Continental by 5.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,067,970 shares of the transportation company’s stock valued at $74,193,000 after purchasing an additional 54,961 shares during the last quarter. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on the stock. Imperial Capital increased their target price on shares of United Continental from $73.00 to $85.00 and gave the company an “inline” rating in a report on Thursday, July 19th. ValuEngine upgraded shares of United Continental from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Citigroup lowered their target price on shares of United Continental from $92.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, May 29th. Buckingham Research set a $108.00 target price on shares of United Continental and gave the company a “buy” rating in a report on Friday. Finally, Barclays decreased their price objective on shares of United Continental from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Monday, July 16th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. United Continental currently has a consensus rating of “Buy” and a consensus target price of $86.20.

NYSE UAL opened at $87.68 on Friday. United Continental Holdings Inc has a 52-week low of $56.51 and a 52-week high of $89.48. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.63 and a quick ratio of 0.56. The stock has a market cap of $23.75 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.51 and a beta of 0.75.

United Continental (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 17th. The transportation company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.16. United Continental had a net margin of 5.23% and a return on equity of 24.28%. The business had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.72 billion. During the same quarter last year, the company posted $2.75 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. equities research analysts anticipate that United Continental Holdings Inc will post 8.08 EPS for the current year.

About United Continental

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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Institutional Ownership by Quarter for United Continental (NYSE:UAL)

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