Asahi Life Asset Management CO. LTD. raised its stake in shares of United Continental Holdings Inc (NASDAQ:UAL) by 53.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,405 shares of the transportation company’s stock after acquiring an additional 5,694 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in United Continental were worth $1,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James & Associates grew its holdings in shares of United Continental by 1.4% in the 1st quarter. Raymond James & Associates now owns 143,934 shares of the transportation company’s stock worth $11,483,000 after acquiring an additional 2,029 shares during the period. Everence Capital Management Inc. grew its holdings in shares of United Continental by 5.9% in the 1st quarter. Everence Capital Management Inc. now owns 5,400 shares of the transportation company’s stock worth $431,000 after acquiring an additional 300 shares during the period. CIBC Asset Management Inc grew its holdings in shares of United Continental by 1.6% in the 1st quarter. CIBC Asset Management Inc now owns 37,664 shares of the transportation company’s stock worth $3,005,000 after acquiring an additional 584 shares during the period. Toronto Dominion Bank grew its holdings in shares of United Continental by 32.4% in the 1st quarter. Toronto Dominion Bank now owns 150,546 shares of the transportation company’s stock worth $12,009,000 after acquiring an additional 36,837 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in shares of United Continental by 5.4% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 11,758 shares of the transportation company’s stock worth $938,000 after acquiring an additional 600 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

In other United Continental news, COO Gregory L. Hart sold 5,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $89.66, for a total transaction of $448,300.00. Following the transaction, the chief operating officer now owns 22,087 shares of the company’s stock, valued at approximately $1,980,320.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

A number of equities research analysts recently weighed in on the company. BidaskClub upgraded United Continental from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Zacks Investment Research cut United Continental from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Cowen reiterated a “market perform” rating and set a $99.00 target price (up previously from $97.00) on shares of United Continental in a report on Wednesday, April 17th. Standpoint Research cut United Continental from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Imperial Capital reiterated an “underperform” rating and set a $81.00 target price (up previously from $78.00) on shares of United Continental in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. United Continental currently has a consensus rating of “Buy” and an average target price of $101.41.

Shares of United Continental stock opened at $82.35 on Thursday. United Continental Holdings Inc has a fifty-two week low of $67.72 and a fifty-two week high of $97.85. The firm has a market cap of $21.67 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.35 and a beta of 0.99. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.43 and a current ratio of 0.50.

United Continental (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.21. United Continental had a return on equity of 28.41% and a net margin of 5.43%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts expect that United Continental Holdings Inc will post 11.14 earnings per share for the current fiscal year.

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About United Continental

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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