United Continental Holdings Inc (UAL) Position Reduced by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lessened its stake in United Continental Holdings Inc (NASDAQ:UAL) by 6.4% in the first quarter, Holdings Channel reports. The firm owned 1,073,492 shares of the transportation company’s stock after selling 73,947 shares during the period. Frontier Capital Management Co. LLC’s holdings in United Continental were worth $85,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UAL. Norges Bank bought a new stake in United Continental in the fourth quarter valued at about $86,113,000. Assenagon Asset Management S.A. increased its holdings in United Continental by 9,745.4% in the first quarter. Assenagon Asset Management S.A. now owns 534,016 shares of the transportation company’s stock valued at $42,604,000 after purchasing an additional 528,592 shares during the last quarter. APG Asset Management N.V. increased its holdings in United Continental by 708.2% in the fourth quarter. APG Asset Management N.V. now owns 523,700 shares of the transportation company’s stock valued at $38,358,000 after purchasing an additional 458,900 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of United Continental by 10.8% in the fourth quarter. Geode Capital Management LLC now owns 3,394,764 shares of the transportation company’s stock worth $283,895,000 after acquiring an additional 331,999 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of United Continental by 647.9% in the fourth quarter. Squarepoint Ops LLC now owns 330,589 shares of the transportation company’s stock worth $27,680,000 after acquiring an additional 286,389 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Shares of UAL stock traded up $0.73 on Thursday, hitting $83.08. 32,241 shares of the stock were exchanged, compared to its average volume of 3,211,052. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.50 and a quick ratio of 0.43. The stock has a market capitalization of $21.67 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.35 and a beta of 0.99. United Continental Holdings Inc has a fifty-two week low of $67.72 and a fifty-two week high of $97.85.



United Continental (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.21. The company had revenue of $9.59 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $0.50 earnings per share. Equities analysts expect that United Continental Holdings Inc will post 11.14 EPS for the current year.

UAL has been the subject of several recent analyst reports. Standpoint Research downgraded United Continental from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Macquarie set a $111.00 price target on United Continental and gave the stock a “buy” rating in a report on Tuesday, January 29th. BidaskClub upgraded United Continental from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Imperial Capital restated an “underperform” rating and issued a $81.00 price target (up from $78.00) on shares of United Continental in a report on Thursday, April 18th. Finally, Argus initiated coverage on United Continental in a report on Wednesday, January 30th. They issued a “buy” rating and a $101.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. United Continental currently has an average rating of “Buy” and an average target price of $101.41.

In other news, COO Gregory L. Hart sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $89.66, for a total transaction of $448,300.00. Following the completion of the transaction, the chief operating officer now directly owns 22,087 shares of the company’s stock, valued at $1,980,320.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by corporate insiders.

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

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