Edward Shapiro Purchases 10,000 Shares of United Continental Holdings Inc (NASDAQ:UAL) Stock

United Continental Holdings Inc (NASDAQ:UAL) Director Edward Shapiro acquired 10,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of $82.00 per share, with a total value of $820,000.00. Following the completion of the purchase, the director now directly owns 182,707 shares in the company, valued at $14,981,974. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

United Continental stock traded up $1.32 during trading on Friday, reaching $82.94. 2,266,146 shares of the company’s stock were exchanged, compared to its average volume of 2,916,640. The business’s 50-day simple moving average is $90.06. 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 52-week low of $77.02 and a 52-week high of $97.85. The company has a market cap of $21.22 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 0.33 and a beta of 1.16.

United Continental (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.07 by $0.14. United Continental had a net margin of 6.22% and a return on equity of 29.33%. The firm had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.37 billion. During the same period in the prior year, the company earned $3.23 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, research analysts anticipate that United Continental Holdings Inc will post 11.67 EPS for the current fiscal year.

UAL has been the subject of several research reports. Imperial Capital reissued an “underperform” rating and set a $81.00 price objective (up from $78.00) on shares of United Continental in a research note on Thursday, April 18th. Morgan Stanley raised shares of United Continental from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $101.00 to $110.00 in a research note on Monday, May 20th. BidaskClub cut shares of United Continental from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Friday. Finally, Buckingham Research boosted their price objective on shares of United Continental from $111.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. United Continental currently has a consensus rating of “Buy” and an average target price of $102.12.

Large investors have recently bought and sold shares of the business. Pinnacle Financial Partners Inc. purchased a new position in United Continental in the 1st quarter valued at about $25,000. Shelton Capital Management acquired a new stake in shares of United Continental during the 1st quarter worth approximately $26,000. CSat Investment Advisory L.P. grew its position in shares of United Continental by 218.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 605 shares of the transportation company’s stock worth $53,000 after buying an additional 415 shares during the period. First Interstate Bank grew its position in shares of United Continental by 40.5% during the 2nd quarter. First Interstate Bank now owns 857 shares of the transportation company’s stock worth $75,000 after buying an additional 247 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of United Continental by 202.8% during the 1st quarter. Quadrant Capital Group LLC now owns 1,196 shares of the transportation company’s stock worth $93,000 after buying an additional 801 shares during the period. 98.12% of the stock is owned by institutional investors.

United Continental Company 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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