Regentatlantic Capital LLC Increases Stake in United Continental Holdings Inc (NASDAQ:UAL)

Regentatlantic Capital LLC raised its holdings in shares of United Continental Holdings Inc (NASDAQ:UAL) by 10.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,354 shares of the transportation company’s stock after buying an additional 4,773 shares during the period. Regentatlantic Capital LLC’s holdings in United Continental were worth $4,584,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in UAL. World Asset Management Inc boosted its position in shares of United Continental by 5.3% during the second quarter. World Asset Management Inc now owns 14,231 shares of the transportation company’s stock worth $1,246,000 after acquiring an additional 712 shares during the last quarter. AE Wealth Management LLC bought a new position in United Continental during the second quarter valued at $629,000. Moody National Bank Trust Division lifted its position in United Continental by 4.0% during the second quarter. Moody National Bank Trust Division now owns 4,570 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 176 shares during the last quarter. Cerebellum GP LLC lifted its position in United Continental by 34.6% during the second quarter. Cerebellum GP LLC now owns 3,940 shares of the transportation company’s stock valued at $345,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Focused Wealth Management Inc lifted its position in United Continental by 20.0% during the second quarter. Focused Wealth Management Inc now owns 2,400 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 400 shares during the last quarter. 98.12% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on UAL shares. Imperial Capital reiterated an “underperform” rating and set a $81.00 price objective (up previously from $78.00) on shares of United Continental in a research report on Thursday, April 18th. Goldman Sachs Group upgraded shares of United Continental from a “neutral” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Thursday, June 6th. Cowen reiterated a “market perform” rating and set a $99.00 price objective (up previously from $97.00) on shares of United Continental in a research report on Wednesday, April 17th. Morgan Stanley upgraded shares of United Continental from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $101.00 to $110.00 in a research report on Monday, May 20th. Finally, BidaskClub lowered shares of United Continental from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $102.76.

In related news, COO Gregory L. Hart sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $93.48, for a total value of $467,400.00. Following the transaction, the chief operating officer now owns 17,087 shares of the company’s stock, valued at approximately $1,597,292.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Shares of United Continental stock traded down $0.95 during trading on Friday, hitting $89.54. The stock had a trading volume of 1,508,813 shares, compared to its average volume of 2,697,049. The company has a fifty day simple moving average of $90.31. The firm has a market capitalization of $24.13 billion, a PE ratio of 9.81, a PEG ratio of 0.38 and a beta of 1.11. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.49 and a current ratio of 0.55. United Continental Holdings Inc has a 12 month low of $77.02 and a 12 month high of $97.85.

United Continental (NASDAQ:UAL) last released its earnings results on Tuesday, July 16th. The transportation company reported $4.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.07 by $0.14. The firm had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.37 billion. United Continental had a net margin of 6.22% and a return on equity of 29.33%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $3.23 EPS. Analysts forecast that United Continental Holdings Inc will post 11.35 earnings per share for the current year.

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.

See Also: Asset Allocation

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

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