United Continental Holdings (UAL) Shares Sold by Comerica Bank

Comerica Bank decreased its holdings in shares of United Continental Holdings (NYSE:UAL) by 5.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 58,065 shares of the transportation company’s stock after selling 3,095 shares during the period. Comerica Bank’s holdings in United Continental were worth $4,078,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of UAL. Diamond Hill Capital Management Inc. boosted its position in United Continental by 74.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 5,600,156 shares of the transportation company’s stock valued at $389,043,000 after buying an additional 2,396,608 shares during the last quarter. Brandywine Global Investment Management LLC boosted its position in United Continental by 1,700.2% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,520,487 shares of the transportation company’s stock valued at $102,481,000 after buying an additional 1,436,026 shares during the last quarter. Cyrus Capital Partners L.P. boosted its position in United Continental by 18.4% in the fourth quarter. Cyrus Capital Partners L.P. now owns 3,133,622 shares of the transportation company’s stock valued at $211,206,000 after buying an additional 487,000 shares during the last quarter. Lodge Hill Capital LLC purchased a new stake in United Continental in the fourth quarter valued at approximately $23,590,000. Finally, Amundi Pioneer Asset Management Inc. boosted its position in United Continental by 51.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,013,009 shares of the transportation company’s stock valued at $68,276,000 after buying an additional 341,989 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

In other news, COO Gregory L. Hart sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 19th. The stock was sold at an average price of $70.62, for a total transaction of $282,480.00. Following the completion of the transaction, the chief operating officer now directly owns 24,279 shares of the company’s stock, valued at approximately $1,714,582.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward Shapiro bought 50,000 shares of United Continental stock in a transaction dated Thursday, May 10th. The shares were acquired at an average cost of $65.86 per share, with a total value of $3,293,000.00. Following the completion of the purchase, the director now owns 77,707 shares in the company, valued at $5,117,783.02. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.

Shares of United Continental opened at $69.49 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.58 and a quick ratio of 0.52. The company has a market cap of $18.86 billion, a PE ratio of 10.28 and a beta of 0.88. United Continental Holdings has a 1-year low of $67.87 and a 1-year high of $69.71.

United Continental (NYSE:UAL) last announced its earnings results on Tuesday, April 17th. The transportation company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.43. The business had revenue of $9.03 billion during the quarter, compared to the consensus estimate of $9.01 billion. United Continental had a return on equity of 23.63% and a net margin of 5.69%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. sell-side analysts forecast that United Continental Holdings will post 7.89 earnings per share for the current fiscal year.

A number of brokerages recently commented on UAL. Evercore ISI lowered United Continental from an “outperform” rating to an “in-line” rating in a research report on Wednesday, January 24th. Morgan Stanley upped their price objective on United Continental from $68.00 to $71.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Bank of America upped their price objective on United Continental from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Buckingham Research upped their price objective on United Continental from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research lowered United Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $85.94.

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

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