Cambridge Investment Research Advisors Inc. Grows Holdings in United Continental Holdings Inc (UAL)

Cambridge Investment Research Advisors Inc. grew its stake in United Continental Holdings Inc (NYSE:UAL) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,560 shares of the transportation company’s stock after buying an additional 1,101 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in United Continental were worth $940,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in United Continental by 107.0% in the 3rd quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock worth $121,000 after buying an additional 703 shares in the last quarter. BlueMountain Capital Management LLC purchased a new stake in shares of United Continental in the 2nd quarter valued at $102,000. Adviser Investments LLC purchased a new stake in shares of United Continental in the 2nd quarter valued at $112,000. IFM Investors Pty Ltd purchased a new stake in shares of United Continental in the 3rd quarter valued at $217,000. Finally, Fulton Bank N.A. purchased a new stake in shares of United Continental in the 3rd quarter valued at $217,000. 95.21% of the stock is owned by institutional investors and hedge funds.

NYSE:UAL opened at $94.84 on Friday. United Continental Holdings Inc has a 52 week low of $58.93 and a 52 week high of $95.07.

United Continental (NYSE:UAL) last posted its quarterly earnings results on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.01). The company had revenue of $11 billion for the quarter, compared to the consensus estimate of $10.95 billion. During the same period in the prior year, the company earned $2.22 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on UAL shares. Buckingham Research set a $108.00 price objective on shares of United Continental and gave the company a “buy” rating in a research note on Friday, September 7th. Macquarie cut shares of United Continental from an “outperform” rating to a “neutral” rating and set a $95.00 price objective for the company. in a research note on Tuesday, September 18th. They noted that the move was a valuation call. Morgan Stanley set a $92.00 price objective on shares of United Continental and gave the company a “hold” rating in a research note on Tuesday, September 18th. Imperial Capital upped their price objective on shares of United Continental from $85.00 to $96.00 and gave the company an “in-line” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Monday, October 1st. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. United Continental presently has a consensus rating of “Buy” and a consensus target price of $103.27.

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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.

See Also: Initial Public Offering (IPO)

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

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