Intact Investment Management Inc. reduced its stake in shares of United Continental Holdings, Inc. (NYSE:UAL) by 24.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,400 shares of the transportation company’s stock after selling 1,100 shares during the quarter. Intact Investment Management Inc.’s holdings in United Continental Holdings were worth $207,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in United Continental Holdings by 4.3% in the second quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock valued at $1,708,664,000 after acquiring an additional 930,321 shares during the last quarter. Janus Henderson Group PLC boosted its stake in United Continental Holdings by 30,735.3% in the second quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock valued at $523,519,000 after acquiring an additional 6,934,500 shares during the last quarter. Boston Partners boosted its stake in United Continental Holdings by 37.7% in the second quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock valued at $364,214,000 after acquiring an additional 1,324,894 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in United Continental Holdings by 33.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock valued at $160,585,000 after acquiring an additional 656,990 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in United Continental Holdings in the third quarter valued at approximately $121,305,000. 97.69% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Robert A. Milton bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were acquired at an average cost 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 in the company, valued at $361,913.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward Shapiro bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the purchase, the director now owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.
United Continental Holdings (NYSE:UAL) last issued its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The business had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.87 billion. United Continental Holdings had a net margin of 5.22% and a return on equity of 25.26%. United Continental Holdings’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.11 earnings per share.
UAL has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $71.00 price objective (down from $72.00) on shares of United Continental Holdings in a research note on Friday, September 1st. Citigroup Inc. raised their price objective on shares of United Continental Holdings from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Bank of America Corporation reaffirmed a “buy” rating and issued a $84.00 price objective (down from $85.00) on shares of United Continental Holdings in a research note on Tuesday, October 10th. Imperial Capital raised their price objective on shares of United Continental Holdings from $75.00 to $77.00 and gave the company an “in-line” rating in a research note on Tuesday, July 18th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $97.00 price objective on shares of United Continental Holdings in a research note on Saturday, July 22nd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $77.63.
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About United Continental Holdings
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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