Daiwa Securities Group Inc. Raises Stock Position in United Continental Holdings Inc (NASDAQ:UAL)

Daiwa Securities Group Inc. lifted its stake in shares of United Continental Holdings Inc (NASDAQ:UAL) by 6.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,434 shares of the transportation company’s stock after acquiring an additional 312 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United Continental were worth $480,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Moody National Bank Trust Division lifted its position in shares of United Continental by 4.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,570 shares of the transportation company’s stock worth $400,000 after buying an additional 176 shares during the last quarter. Wetherby Asset Management Inc. raised its position in United Continental by 6.2% in the 2nd quarter. Wetherby Asset Management Inc. now owns 3,286 shares of the transportation company’s stock valued at $288,000 after purchasing an additional 191 shares during the last quarter. Pinnacle Associates Ltd. raised its position in United Continental by 1.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 19,189 shares of the transportation company’s stock valued at $1,680,000 after purchasing an additional 200 shares during the last quarter. State of Michigan Retirement System raised its position in United Continental by 0.4% in the 3rd quarter. State of Michigan Retirement System now owns 53,144 shares of the transportation company’s stock valued at $4,698,000 after purchasing an additional 200 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC raised its position in United Continental by 2.1% in the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 10,982 shares of the transportation company’s stock valued at $961,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 98.67% of the company’s stock.

NASDAQ:UAL opened at $92.52 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 1.60. United Continental Holdings Inc has a fifty-two week low of $77.02 and a fifty-two week high of $97.85. The stock has a market cap of $23.67 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.38 and a beta of 1.18. The firm’s fifty day simple moving average is $89.52 and its 200-day simple moving average is $87.34.

United Continental (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $4.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.97 by $0.10. United Continental had a net margin of 6.60% and a return on equity of 30.06%. The business had revenue of $11.38 billion for the quarter, compared to analysts’ expectations of $11.43 billion. During the same period in the prior year, the company posted $3.06 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts anticipate that United Continental Holdings Inc will post 11.96 earnings per share for the current year.

In other news, Director Carolyn Corvi sold 1,016 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $91.83, for a total transaction of $93,299.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 3,072 shares of company stock worth $273,416. Corporate insiders own 0.40% of the company’s stock.

Several analysts recently commented on UAL shares. UBS Group started coverage on shares of United Continental in a research report on Tuesday. They issued a “buy” rating and a $110.00 price target for the company. Credit Suisse Group upped their price target on shares of United Continental from $117.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Morgan Stanley upped their price target on shares of United Continental from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Monday. BidaskClub upgraded shares of United Continental from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Goldman Sachs Group set a $128.00 price target on shares of United Continental and gave the company a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. United Continental currently has an average rating of “Buy” and a consensus price target of $103.69.

United Continental Company Profile

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

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

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