Tuttle Tactical Management Purchases Shares of 3,620 United Continental Holdings Inc (NASDAQ:UAL)

Tuttle Tactical Management purchased a new stake in shares of United Continental Holdings Inc (NASDAQ:UAL) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 3,620 shares of the transportation company’s stock, valued at approximately $305,000.

Other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in shares of United Continental by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 26,437 shares of the transportation company’s stock valued at $2,315,000 after buying an additional 372 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of United Continental during the second quarter valued at approximately $260,000. Artemis Investment Management LLP raised its position in shares of United Continental by 9.5% during the second quarter. Artemis Investment Management LLP now owns 380,125 shares of the transportation company’s stock valued at $33,224,000 after buying an additional 32,936 shares during the last quarter. Partners Capital Investment Group LLP raised its position in shares of 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 valued at $5,996,000 after buying an additional 5,677 shares during the last quarter. Finally, Calamos Advisors LLC bought a new stake in shares of United Continental during the second quarter valued at approximately $53,183,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Shares of UAL opened at $90.78 on Tuesday. The company’s fifty day moving average is $87.59 and its 200 day moving average is $86.67. United Continental Holdings Inc has a fifty-two week low of $77.02 and a fifty-two week high of $97.85. The stock has a market capitalization of $22.80 billion, a PE ratio of 9.94, a P/E/G ratio of 0.37 and a beta of 1.20. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.48 and a current ratio of 0.54.

United Continental (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.10. United Continental had a net margin of 6.60% and a return on equity of 30.06%. The company had revenue of $11.38 billion for the quarter, compared to analysts’ expectations of $11.43 billion. During the same quarter in the previous year, the business posted $3.06 earnings per share. United Continental’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, research analysts forecast that United Continental Holdings Inc will post 11.85 earnings per share for the current year.

Several equities research analysts have recently issued reports on the stock. Cowen set a $96.00 price objective on shares of United Continental and gave the company a “hold” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of United Continental in a research report on Friday, September 13th. ValuEngine upgraded shares of United Continental from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Buckingham Research lifted their price objective on shares of United Continental from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, Goldman Sachs Group set a $128.00 price objective on shares of United Continental and gave the company a “buy” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. United Continental presently has an average rating of “Buy” and an average price target of $102.79.

In related news, Director Carolyn Corvi sold 1,032 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $86.37, for a total value of $89,133.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Gregory L. Hart sold 5,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $93.48, for a total transaction of $467,400.00. Following the completion of the sale, the chief operating officer now owns 17,087 shares in the company, valued at approximately $1,597,292.76. The disclosure for this sale can be found here. Insiders sold 7,056 shares of company stock worth $647,516 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

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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