Balasa Dinverno & Foltz LLC Boosts Holdings in United Continental Holdings Inc (NASDAQ:UAL)

Balasa Dinverno & Foltz LLC grew its holdings in shares of United Continental Holdings Inc (NASDAQ:UAL) by 51.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,651 shares of the transportation company’s stock after acquiring an additional 5,669 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in United Continental were worth $1,472,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. bought a new position in United Continental during the third quarter worth $34,000. HM Payson & Co. bought a new stake in United Continental in the second quarter valued at $51,000. CSat Investment Advisory L.P. increased its stake in United Continental by 218.4% in the second quarter. CSat Investment Advisory L.P. now owns 605 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 415 shares in the last quarter. 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 valued at $75,000 after purchasing an additional 247 shares in the last quarter. Finally, Boston Partners bought a new stake in United Continental in the second quarter valued at $91,000. 98.73% of the stock is owned by hedge funds and other institutional investors.

UAL traded down $0.70 during midday trading on Wednesday, reaching $88.17. The company had a trading volume of 2,072,411 shares, compared to its average volume of 2,720,527. The business has a 50-day moving average price of $91.72 and a two-hundred day moving average price of $87.93. United Continental Holdings Inc has a 12-month low of $77.02 and a 12-month high of $96.03. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.48 and a current ratio of 0.54. The stock has a market cap of $22.31 billion, a PE ratio of 9.66, a P/E/G ratio of 0.38 and a beta of 1.14.

United Continental (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.10. United Continental had a net margin of 6.60% and a return on equity of 30.06%. The company had revenue of $11.38 billion for the quarter, compared to analyst estimates of $11.43 billion. During the same quarter in the previous year, the firm posted $3.06 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, research analysts anticipate that United Continental Holdings Inc will post 12.01 earnings per share for the current year.

Several equities research analysts have weighed in on the stock. Goldman Sachs Group set a $128.00 price target on shares of United Continental and gave the company a “buy” rating in a research note on Wednesday, October 9th. Citigroup assumed coverage on shares of United Continental in a report on Thursday, October 31st. They set a “buy” rating and a $107.00 price objective for the company. Cowen set a $96.00 price objective on shares of United Continental and gave the company a “hold” rating in a report on Friday, October 11th. UBS Group assumed coverage on shares of United Continental in a report on Tuesday, November 12th. They set a “buy” rating and a $110.00 price objective for the company. Finally, Berenberg Bank assumed coverage on shares of United Continental in a report on Friday, September 6th. They set a “hold” rating and a $95.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $103.86.

In other news, Director Carolyn Corvi sold 1,024 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $88.85, for a total value of $90,982.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 4,085 shares of company stock worth $366,237. Insiders own 0.40% of the company’s stock.

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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