The United Continental Holdings Inc. (UAL) Issues Earnings Results, Beats Estimates By $0.23 EPS

The United Continental Holdings Inc. (UAL) Issues  Earnings Results, Beats Estimates By $0.23 EPS

United Continental Holdings Inc. (NYSE:UAL) announced its quarterly earnings data on Monday. The company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.88 by $0.23. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%.

United Continental Holdings (NYSE:UAL) traded down 0.32% during midday trading on Monday, reaching $53.03. 6,389,747 shares of the company’s stock traded hands. United Continental Holdings has a 52 week low of $37.41 and a 52 week high of $61.87. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 2.90 and a beta of 0.53. The company’s 50-day moving average price is $51.72 and its 200 day moving average price is $48.38.

In related news, CFO Andrew C. Levy purchased 15,000 shares of the stock in a transaction on Friday, September 2nd. The shares were bought at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,791 shares in the company, valued at approximately $1,059,509.36. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.39% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Bank of Nova Scotia increased its position in shares of United Continental Holdings by 0.3% in the second quarter. Bank of Nova Scotia now owns 7,000 shares of the company’s stock valued at $287,000 after buying an additional 20 shares during the period. Pacer Advisors Inc. increased its position in shares of United Continental Holdings by 2.1% in the second quarter. Pacer Advisors Inc. now owns 6,372 shares of the company’s stock valued at $262,000 after buying an additional 134 shares during the period. HighTower Advisors LLC increased its position in shares of United Continental Holdings by 0.5% in the second quarter. HighTower Advisors LLC now owns 35,631 shares of the company’s stock valued at $1,468,000 after buying an additional 186 shares during the period. Landscape Capital Management L.L.C. increased its position in shares of United Continental Holdings by 9.6% in the second quarter. Landscape Capital Management L.L.C. now owns 10,044 shares of the company’s stock valued at $412,000 after buying an additional 882 shares during the period. Finally, Point72 Asia Hong Kong Ltd bought a new position in shares of United Continental Holdings during the second quarter valued at approximately $107,000. Institutional investors own 93.39% of the company’s stock.

UAL has been the subject of several recent analyst reports. Standpoint Research reiterated a “buy” rating on shares of United Continental Holdings in a research note on Wednesday, July 27th. Imperial Capital raised their price objective on shares of United Continental Holdings from $57.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, October 11th. Credit Suisse Group AG cut shares of United Continental Holdings from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $64.00 to $42.00 in a research note on Wednesday, July 6th. JPMorgan Chase & Co. reduced their price objective on shares of United Continental Holdings from $72.00 to $61.50 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Finally, Vetr upgraded shares of United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 target price for the company in a research report on Monday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.05.

United Continental Holdings Company Profile

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