Voleon Capital Management LP Invests $1.93 Million in United Continental Holdings Inc (NASDAQ:UAL)

Voleon Capital Management LP acquired a new position in United Continental Holdings Inc (NASDAQ:UAL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,000 shares of the transportation company’s stock, valued at approximately $1,926,000.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in shares of United Continental by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 26,437 shares of the transportation company’s stock worth $2,315,000 after acquiring an additional 372 shares during the last quarter. Teza Capital Management LLC acquired a new stake in United Continental during the second quarter worth $260,000. Artemis Investment Management LLP boosted its stake in United Continental by 9.5% during the second quarter. Artemis Investment Management LLP now owns 380,125 shares of the transportation company’s stock worth $33,224,000 after buying an additional 32,936 shares in the last quarter. Partners Capital Investment Group LLP boosted its stake in United Continental by 9.0% during the second quarter. Partners Capital Investment Group LLP now owns 68,488 shares of the transportation company’s stock worth $5,996,000 after buying an additional 5,677 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in United Continental by 11.9% during the first quarter. State of Tennessee Treasury Department now owns 174,659 shares of the transportation company’s stock worth $13,935,000 after buying an additional 18,559 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Shares of NASDAQ:UAL traded up $0.86 on Wednesday, hitting $89.16. The stock had a trading volume of 190,719 shares, compared to its average volume of 2,457,747. United Continental Holdings Inc has a twelve month low of $77.02 and a twelve month high of $97.85. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.49 and a current ratio of 0.55. The firm’s 50 day moving average price is $85.93 and its 200-day moving average price is $85.75. The company has a market capitalization of $22.89 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 0.35 and a beta of 1.20.



United Continental (NASDAQ:UAL) last issued its earnings results on Tuesday, July 16th. The transportation company reported $4.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.07 by $0.14. United Continental had a net margin of 6.22% and a return on equity of 29.33%. The company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.37 billion. During the same quarter in the previous year, the company earned $3.23 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that United Continental Holdings Inc will post 11.72 EPS for the current year.

In other United Continental news, Director Edward Shapiro purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of $82.00 per share, with a total value of $820,000.00. Following the completion of the acquisition, the director now directly owns 182,707 shares of the company’s stock, valued at approximately $14,981,974. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gregory L. Hart sold 5,000 shares of United Continental 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 completion of the transaction, the chief operating officer now directly owns 17,087 shares of the company’s stock, valued at $1,597,292.76. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

A number of equities research analysts have weighed in on UAL shares. Buckingham Research lifted their price target on shares of United Continental from $111.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. BidaskClub upgraded shares of United Continental from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of United Continental in a research note on Friday, September 13th. Berenberg Bank started coverage on shares of United Continental in a research note on Friday, September 6th. They set a “hold” rating and a $95.00 price target on the stock. Finally, Goldman Sachs Group upgraded shares of United Continental from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $101.72.

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.

Further Reading: Understanding dividend yield and dividend payout ratio

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

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