United Continental Holdings Inc (UAL) Shares Bought by Jefferies Group LLC

Jefferies Group LLC boosted its stake in shares of United Continental Holdings Inc (NYSE:UAL) by 210.8% during the third quarter, HoldingsChannel.com reports. The firm owned 56,344 shares of the transportation company’s stock after purchasing an additional 38,213 shares during the quarter. Jefferies Group LLC’s holdings in United Continental were worth $5,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC lifted its position in United Continental by 107.0% during the third quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 703 shares during the period. BlueMountain Capital Management LLC bought a new position in United Continental during the second quarter valued at approximately $102,000. Ibex Investors LLC bought a new position in United Continental during the third quarter valued at approximately $205,000. IFM Investors Pty Ltd purchased a new stake in United Continental during the third quarter valued at approximately $217,000. Finally, Fulton Bank N.A. purchased a new stake in United Continental during the third quarter valued at approximately $217,000. Institutional investors own 95.21% of the company’s stock.

Shares of NYSE UAL opened at $88.23 on Friday. United Continental Holdings Inc has a 1 year low of $60.44 and a 1 year high of $97.85.

United Continental (NYSE:UAL) last announced its quarterly earnings data on Tuesday, October 16th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.01). The firm had revenue of $11 billion for the quarter, compared to analysts’ expectations of $10.95 billion. United Continental’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.22 earnings per share.

UAL has been the subject of a number of research reports. Barclays upped their target price on shares of United Continental from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 15th. Bank of America upped their target price on shares of United Continental from $94.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Macquarie set a $91.00 target price on shares of United Continental and gave the company a “hold” rating in a report on Monday, October 8th. Stephens raised shares of United Continental from an “equal weight” rating to an “overweight” rating and set a $112.00 target price for the company in a report on Thursday, October 18th. Finally, Imperial Capital upped their target price on shares of United Continental from $91.00 to $101.00 and gave the company an “inline” rating in a report on Thursday, October 18th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. United Continental has a consensus rating of “Buy” and a consensus target price of $103.75.

In other news, Director Edward Shapiro acquired 25,000 shares of United Continental stock in a transaction dated Tuesday, December 4th. The stock was purchased at an average cost of $92.92 per share, with a total value of $2,323,000.00. Following the completion of the purchase, the director now directly owns 152,707 shares in the company, valued at approximately $14,189,534.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.32% of the company’s stock.

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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.

Further Reading: What is an SEC Filing?

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Continental Holdings Inc (NYSE:UAL).

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

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