United Continental Holdings Inc (UAL) Position Increased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lifted its stake in shares of United Continental Holdings Inc (NYSE:UAL) by 156.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,741 shares of the transportation company’s stock after acquiring an additional 19,950 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in United Continental were worth $2,284,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UAL. Diamond Hill Capital Management Inc. increased its position in shares of United Continental by 74.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 5,600,156 shares of the transportation company’s stock worth $389,043,000 after acquiring an additional 2,396,608 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of United Continental during the first quarter worth approximately $84,777,000. Calamos Advisors LLC purchased a new position in shares of United Continental during the second quarter worth approximately $49,434,000. Dimensional Fund Advisors LP increased its position in shares of United Continental by 15.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,173,122 shares of the transportation company’s stock worth $289,907,000 after acquiring an additional 568,570 shares during the period. Finally, Tyvor Capital LLC increased its position in shares of United Continental by 485.0% during the first quarter. Tyvor Capital LLC now owns 573,262 shares of the transportation company’s stock worth $39,825,000 after acquiring an additional 475,262 shares during the period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on UAL shares. Morgan Stanley raised their target price on shares of United Continental from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 19th. Deutsche Bank lowered shares of United Continental from a “buy” rating to a “hold” rating and reduced their target price for the stock from $81.00 to $74.00 in a research report on Tuesday, July 3rd. Imperial Capital raised their target price on shares of United Continental from $73.00 to $85.00 and gave the stock an “inline” rating in a research report on Thursday, July 19th. ValuEngine lowered shares of United Continental from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Citigroup reduced their target price on shares of United Continental from $92.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, May 29th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental currently has an average rating of “Buy” and an average target price of $86.63.



In other news, Director Edward Shapiro bought 25,000 shares of the stock in a transaction on Friday, June 8th. The stock was bought at an average cost of $69.15 per share, for a total transaction of $1,728,750.00. Following the completion of the purchase, the director now directly owns 112,707 shares in the company, valued at $7,793,689.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.

Shares of UAL stock opened at $81.44 on Wednesday. The company has a market cap of $22.28 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.49 and a beta of 0.88. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.56 and a current ratio of 0.63. United Continental Holdings Inc has a 52-week low of $56.51 and a 52-week high of $83.66.

United Continental (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 17th. The transportation company reported $3.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.07 by $0.16. The company had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.72 billion. United Continental had a net margin of 5.23% and a return on equity of 24.28%. United Continental’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $2.75 earnings per share. sell-side analysts anticipate that United Continental Holdings Inc will post 8.01 earnings per share for the current fiscal year.

United Continental Company Profile

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

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

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