United Continental Holdings Inc (UAL) Stake Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in United Continental Holdings Inc (NASDAQ:UAL) by 45.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,065 shares of the transportation company’s stock after buying an additional 8,105 shares during the quarter. Janney Montgomery Scott LLC’s holdings in United Continental were worth $2,079,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in United Continental in the 1st quarter valued at $30,000. Quadrant Capital Group LLC lifted its stake in shares of United Continental by 202.8% in the 1st quarter. Quadrant Capital Group LLC now owns 1,196 shares of the transportation company’s stock valued at $93,000 after purchasing an additional 801 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in shares of United Continental by 32.1% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 2,158 shares of the transportation company’s stock valued at $174,000 after purchasing an additional 524 shares during the last quarter. Raymond James Trust N.A. acquired a new position in shares of United Continental in the 1st quarter valued at $210,000. Finally, Enterprise Financial Services Corp acquired a new position in shares of United Continental in the 1st quarter valued at $262,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

In other United Continental news, COO Gregory L. Hart sold 5,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $89.66, for a total value of $448,300.00. Following the sale, the chief operating officer now owns 22,087 shares of the company’s stock, valued at approximately $1,980,320.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by company insiders.

UAL has been the topic of several recent analyst reports. Macquarie set a $111.00 price target on United Continental and gave the company a “buy” rating in a research note on Tuesday, January 29th. Buckingham Research increased their target price on United Continental from $109.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Imperial Capital reissued an “underperform” rating and set a $78.00 target price (up previously from $73.00) on shares of United Continental in a research note on Thursday, January 17th. Argus assumed coverage on United Continental in a research note on Wednesday, January 30th. They set a “buy” rating and a $101.00 target price on the stock. Finally, ValuEngine lowered 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 given a hold rating and eleven have given a buy rating to the stock. United Continental presently has a consensus rating of “Buy” and a consensus target price of $101.41.

UAL opened at $84.79 on Monday. United Continental Holdings Inc has a 12-month low of $66.10 and a 12-month high of $97.85. The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 1.85. The stock has a market cap of $22.13 billion, a P/E ratio of 9.29, a PEG ratio of 0.36 and a beta of 0.99.

United Continental (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.21. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.62 billion. United Continental had a return on equity of 28.41% and a net margin of 5.43%. United Continental’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. Equities analysts forecast that United Continental Holdings Inc will post 11.14 earnings per share for the current year.

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United Continental 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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