Pendal Group Ltd increased its position in shares of United Continental Holdings Inc (NASDAQ:UAL) by 6.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 11,715 shares of the transportation company’s stock after acquiring an additional 689 shares during the period. Pendal Group Ltd’s holdings in United Continental were worth $1,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UAL. Assenagon Asset Management S.A. lifted its stake in United Continental by 9,745.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 534,016 shares of the transportation company’s stock worth $42,604,000 after acquiring an additional 528,592 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in United Continental during the 1st quarter worth about $31,740,000. AJO LP increased its holdings in United Continental by 17.0% during the 1st quarter. AJO LP now owns 2,427,413 shares of the transportation company’s stock worth $193,659,000 after purchasing an additional 353,196 shares during the period. Geode Capital Management LLC increased its holdings in United Continental by 10.8% during the 4th quarter. Geode Capital Management LLC now owns 3,394,764 shares of the transportation company’s stock worth $283,895,000 after purchasing an additional 331,999 shares during the period. Finally, Neuberger Berman Group LLC increased its holdings in United Continental by 2,313.8% during the 1st quarter. Neuberger Berman Group LLC now owns 332,085 shares of the transportation company’s stock worth $26,493,000 after purchasing an additional 318,327 shares during the period. 98.12% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:UAL traded up $1.25 during mid-day trading on Friday, reaching $82.87. 59,798 shares of the stock were exchanged, compared to its average volume of 2,587,096. The company has a 50 day moving average of $90.13. The firm has a market capitalization of $21.22 billion, a PE ratio of 9.08, a P/E/G ratio of 0.33 and a beta of 1.16. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.55 and a quick ratio of 0.49. United Continental Holdings Inc has a 1 year low of $77.02 and a 1 year high of $97.85.

United Continental (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.07 by $0.14. The firm had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.37 billion. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.23 EPS. Sell-side analysts expect that United Continental Holdings Inc will post 11.67 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. BidaskClub downgraded United Continental from a “hold” rating to a “sell” rating in a report on Friday. Buckingham Research upped their price target on United Continental from $111.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Imperial Capital restated an “underperform” rating and set a $81.00 price target (up previously from $78.00) on shares of United Continental in a report on Thursday, April 18th. Goldman Sachs Group upgraded United Continental from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Thursday, June 6th. Finally, Morgan Stanley upgraded United Continental from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $101.00 to $110.00 in a report on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $102.12.

In related news, COO Gregory L. Hart sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 17,087 shares in the company, valued at approximately $1,597,292.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.40% of the company’s stock.

United Continental 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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