New England Research & Management Inc. Acquires Shares of 20,648 United Continental Holdings Inc (NASDAQ:UAL)

New England Research & Management Inc. bought a new position in shares of United Continental Holdings Inc (NASDAQ:UAL) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 20,648 shares of the transportation company’s stock, valued at approximately $1,647,000. United Continental accounts for approximately 1.1% of New England Research & Management Inc.’s holdings, making the stock its 25th largest position.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of United Continental in the fourth quarter valued at $86,113,000. APG Asset Management N.V. boosted its position in United Continental by 708.2% during the fourth quarter. APG Asset Management N.V. now owns 523,700 shares of the transportation company’s stock worth $38,358,000 after purchasing an additional 458,900 shares during the period. Geode Capital Management LLC boosted its position in United Continental by 10.8% during the fourth quarter. Geode Capital Management LLC now owns 3,394,764 shares of the transportation company’s stock worth $283,895,000 after purchasing an additional 331,999 shares during the period. Squarepoint Ops LLC boosted its position in United Continental by 647.9% during the fourth quarter. Squarepoint Ops LLC now owns 330,589 shares of the transportation company’s stock worth $27,680,000 after purchasing an additional 286,389 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in United Continental by 159.0% during the fourth quarter. Nuveen Asset Management LLC now owns 363,622 shares of the transportation company’s stock worth $30,446,000 after purchasing an additional 223,245 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Shares of UAL stock opened at $86.86 on Friday. United Continental Holdings Inc has a one year low of $65.45 and a one year high of $97.85. The company has a market capitalization of $23.16 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.38 and a beta of 0.96. The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 1.85.

United Continental (NASDAQ:UAL) last announced its earnings results on Tuesday, April 16th. The transportation company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.21. United Continental had a return on equity of 28.41% and a net margin of 5.43%. The business had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that United Continental Holdings Inc will post 11.12 EPS for the current fiscal year.

UAL has been the subject of a number of research reports. JPMorgan Chase & Co. raised United Continental from a “neutral” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Thursday, January 10th. Macquarie set a $111.00 target price on United Continental and gave the stock a “buy” rating in a report on Tuesday, January 29th. Imperial Capital downgraded United Continental from an “in-line” rating to an “underperform” rating and dropped their target price for the stock from $110.00 to $73.00 in a report on Wednesday, January 9th. Argus started coverage on United Continental in a research note on Wednesday, January 30th. They issued a “buy” rating and a $101.00 price target for the company. Finally, ValuEngine downgraded United Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $101.41.

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About United Continental

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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