Point72 Hong Kong Ltd increased its position in United Continental Holdings Inc (NASDAQ:UAL) by 64.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,360 shares of the transportation company’s stock after purchasing an additional 1,311 shares during the period. Point72 Hong Kong Ltd’s holdings in United Continental were worth $296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UAL. Pinnacle Financial Partners Inc. purchased a new position in United Continental during the 4th quarter valued at about $28,000. Orion Portfolio Solutions LLC bought a new stake in United Continental in the 4th quarter worth approximately $36,000. Huntington National Bank lifted its position in United Continental by 106.2% in the 4th quarter. Huntington National Bank now owns 631 shares of the transportation company’s stock worth $56,000 after buying an additional 325 shares during the last quarter. Rational Advisors LLC lifted its position in United Continental by 458.0% in the 4th quarter. Rational Advisors LLC now owns 982 shares of the transportation company’s stock worth $87,000 after buying an additional 806 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in United Continental in the 4th quarter worth approximately $106,000. Institutional investors own 99.03% of the company’s stock.

A number of analysts recently weighed in on UAL shares. Deutsche Bank upgraded United Continental from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research downgraded United Continental from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a report on Thursday, December 19th. BidaskClub raised United Continental from a “strong sell” rating to a “sell” rating in a report on Wednesday. Buckingham Research downgraded United Continental from a “buy” rating to a “neutral” rating and lowered their price target for the company from $105.00 to $61.00 in a report on Thursday, February 27th. Finally, ValuEngine downgraded United Continental from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $95.79.

UAL stock traded up $3.60 during midday trading on Wednesday, hitting $36.60. The stock had a trading volume of 32,923,635 shares, compared to its average volume of 18,137,984. The firm has a market cap of $6.51 billion, a PE ratio of 3.15, a price-to-earnings-growth ratio of 0.19 and a beta of 1.36. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.55 and a quick ratio of 0.48. United Continental Holdings Inc has a 12-month low of $17.80 and a 12-month high of $96.03. The company’s 50-day moving average price is $59.91 and its 200 day moving average price is $81.28.

United Continental (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.03. The firm had revenue of $10.89 billion during the quarter, compared to the consensus estimate of $10.88 billion. United Continental had a net margin of 6.96% and a return on equity of 29.16%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $2.41 EPS. As a group, sell-side analysts anticipate that United Continental Holdings Inc will post 7.91 EPS for the current year.

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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