Sciencast Management LP purchased a new stake in shares of United Continental Holdings Inc (NASDAQ:UAL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,100 shares of the transportation company’s stock, valued at approximately $2,528,000. United Continental comprises about 0.9% of Sciencast Management LP’s holdings, making the stock its 7th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of United Continental during the 4th quarter valued at $379,000. Kentucky Retirement Systems purchased a new position in shares of United Continental during the 4th quarter valued at $834,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in shares of United Continental by 49.6% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 303,300 shares of the transportation company’s stock valued at $25,395,000 after buying an additional 100,600 shares during the last quarter. MUFG Securities EMEA plc lifted its position in shares of United Continental by 1,510.8% during the 4th quarter. MUFG Securities EMEA plc now owns 100,000 shares of the transportation company’s stock valued at $8,373,000 after buying an additional 93,792 shares during the last quarter. Finally, Beech Hill Advisors Inc. lifted its position in shares of United Continental by 26.4% during the 1st quarter. Beech Hill Advisors Inc. now owns 4,075 shares of the transportation company’s stock valued at $325,000 after buying an additional 850 shares during the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

UAL has been the topic of a number of recent research reports. BidaskClub raised United Continental from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Cowen reaffirmed a “market perform” rating and set a $99.00 price target (up previously from $94.00) on shares of United Continental in a research report on Thursday, January 17th. Vertical Research initiated coverage on United Continental in a research report on Monday, February 4th. They set a “buy” rating and a $103.00 price target on the stock. Zacks Investment Research cut United Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Finally, JPMorgan Chase & Co. raised United Continental from a “neutral” rating to an “overweight” rating and set a $95.00 price target on the stock in a research report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $100.88.

UAL traded down $1.18 during trading on Monday, reaching $84.31. 97,383 shares of the company were exchanged, compared to its average volume of 2,984,034. The stock has a market capitalization of $22.64 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 0.40 and a beta of 0.96. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.47 and a current ratio of 0.54. United Continental Holdings Inc has a 12-month low of $65.45 and a 12-month high of $97.85.

United Continental (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 15th. The transportation company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.57. The business had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.34 billion. United Continental had a return on equity of 27.73% and a net margin of 5.15%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 EPS. On average, research analysts forecast that United Continental Holdings Inc will post 11.13 earnings per share for the current fiscal year.

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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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