Investment House LLC purchased a new stake in shares of United Continental Holdings Inc (NASDAQ:UAL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,770 shares of the transportation company’s stock, valued at approximately $768,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc. purchased a new stake in United Continental in the first quarter worth $25,000. Shelton Capital Management purchased a new stake in United Continental in the first quarter worth $26,000. First Interstate Bank increased its stake in United Continental by 40.5% in the second quarter. First Interstate Bank now owns 857 shares of the transportation company’s stock worth $75,000 after purchasing an additional 247 shares during the period. Quadrant Capital Group LLC increased its stake in United Continental by 202.8% in the first quarter. Quadrant Capital Group LLC now owns 1,196 shares of the transportation company’s stock worth $93,000 after purchasing an additional 801 shares during the period. Finally, Edge Wealth Management LLC increased its stake in United Continental by 2,145.5% in the second quarter. Edge Wealth Management LLC now owns 1,235 shares of the transportation company’s stock worth $108,000 after purchasing an additional 1,180 shares during the period. Institutional investors own 98.16% of the company’s stock.

In related news, COO Gregory L. Hart sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $93.48, for a total transaction of $467,400.00. Following the sale, the chief operating officer now owns 17,087 shares of the company’s stock, valued at $1,597,292.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edward Shapiro acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $82.00 per share, for a total transaction of $820,000.00. Following the transaction, the director now owns 182,707 shares of the company’s stock, valued at $14,981,974. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.

A number of analysts have weighed in on UAL shares. Goldman Sachs Group upgraded United Continental from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a research note on Thursday, June 6th. BidaskClub lowered United Continental from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Friday, August 16th. Buckingham Research increased their target price on United Continental from $111.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, Morgan Stanley upgraded United Continental from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $101.00 to $110.00 in a research note on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $102.12.

Shares of UAL traded up $1.45 during midday trading on Wednesday, reaching $85.49. 698,553 shares of the stock were exchanged, compared to its average volume of 2,392,113. United Continental Holdings Inc has a 52 week low of $77.02 and a 52 week high of $97.85. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.55 and a quick ratio of 0.49. The firm has a 50 day moving average price of $89.74. The company has a market capitalization of $21.91 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.32 and a beta of 1.16.

United Continental (NASDAQ:UAL) last posted 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. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The business had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.37 billion. During the same quarter in the prior year, the company earned $3.23 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. Analysts forecast that United Continental Holdings Inc will post 11.66 earnings per share for the current fiscal year.

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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