Visionary Asset Management Inc. Purchases Shares of 2,490 United Continental Holdings Inc (UAL)

Visionary Asset Management Inc. purchased a new stake in shares of United Continental Holdings Inc (NYSE:UAL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,490 shares of the transportation company’s stock, valued at approximately $222,000.

A number of other large investors have also recently bought and sold shares of UAL. BlueMountain Capital Management LLC bought a new stake in United Continental during the 2nd quarter valued at $102,000. Adviser Investments LLC bought a new stake in United Continental during the 2nd quarter valued at $112,000. Gables Capital Management Inc. bought a new stake in United Continental during the 1st quarter valued at $139,000. Summit Trail Advisors LLC raised its holdings in United Continental by 9,454.7% during the 1st quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock valued at $140,000 after buying an additional 138,322 shares during the last quarter. Finally, Advisors Preferred LLC raised its holdings in United Continental by 521.1% during the 2nd quarter. Advisors Preferred LLC now owns 2,472 shares of the transportation company’s stock valued at $172,000 after buying an additional 2,074 shares during the last quarter. Institutional investors own 95.21% of the company’s stock.

A number of brokerages have issued reports on UAL. Barclays reduced their price objective on shares of United Continental from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday, July 16th. Imperial Capital boosted their price objective on shares of United Continental from $73.00 to $85.00 and gave the company an “inline” rating in a research report on Thursday, July 19th. Buckingham Research boosted their price objective on shares of United Continental from $96.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Monday, October 1st. Finally, Cowen boosted their price objective on shares of United Continental from $77.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday, July 19th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $91.47.

Shares of United Continental stock opened at $84.14 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 1.56. The firm has a market cap of $23.75 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.51 and a beta of 0.75. United Continental Holdings Inc has a 12-month low of $56.51 and a 12-month high of $91.39.

United Continental (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 17th. The transportation company reported $3.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.07 by $0.16. The business had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.72 billion. United Continental had a net margin of 5.23% and a return on equity of 24.28%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.75 EPS. On average, analysts forecast that United Continental Holdings Inc will post 8.13 earnings per share for the current year.

United Continental Company 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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