New York State Common Retirement Fund Has $49.72 Million Position in United Continental Holdings Inc (UAL)

New York State Common Retirement Fund increased its holdings in United Continental Holdings Inc (NASDAQ:UAL) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 623,217 shares of the transportation company’s stock after purchasing an additional 10,586 shares during the quarter. New York State Common Retirement Fund’s holdings in United Continental were worth $49,720,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in United Continental during the fourth quarter worth $86,113,000. Assenagon Asset Management S.A. lifted its stake in United Continental by 9,745.4% during the first quarter. Assenagon Asset Management S.A. now owns 534,016 shares of the transportation company’s stock worth $42,604,000 after purchasing an additional 528,592 shares in the last quarter. APG Asset Management N.V. lifted its stake 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 in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in United Continental during the first quarter worth $31,740,000. Finally, Geode Capital Management LLC lifted its stake 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 in the last quarter. Institutional investors own 98.11% of the company’s stock.

United Continental stock opened at $80.91 on Friday. United Continental Holdings Inc has a 1-year low of $67.93 and a 1-year high of $97.85. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.43 and a current ratio of 0.50. The firm has a market capitalization of $21.83 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth 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 for the quarter, beating the Zacks’ 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 company had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the firm earned $0.50 earnings per share. United Continental’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, analysts anticipate that United Continental Holdings Inc will post 11.15 earnings per share for the current fiscal year.

In other United Continental news, COO Gregory L. Hart sold 5,000 shares of the firm’s stock in a transaction on 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 directly owns 22,087 shares in the company, valued at $1,980,320.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company insiders.

A number of research firms have commented on UAL. BidaskClub cut United Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. ValuEngine cut United Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Cowen restated a “market perform” rating and set a $99.00 price target (up from $97.00) on shares of United Continental in a research note on Wednesday, April 17th. Zacks Investment Research cut United Continental from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Vertical Research initiated coverage on United Continental in a research note on Monday, February 4th. They issued a “buy” rating and a $103.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. United Continental currently has an average rating of “Buy” and a consensus target price of $101.88.

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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.

Further Reading: Average Daily Trade Volume – What You Need to Know

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

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