Creative Planning reduced its stake in United Continental Holdings Inc. (NYSE:UAL) by 69.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,914 shares of the company’s stock after selling 71,230 shares during the period. Creative Planning’s holdings in United Continental Holdings were worth $1,622,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc raised its position in United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock valued at $105,000 after buying an additional 418 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in United Continental Holdings during the second quarter valued at about $107,000. Northwestern Mutual Wealth Management Co. raised its position in United Continental Holdings by 92.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,546 shares of the company’s stock valued at $145,000 after buying an additional 1,700 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in United Continental Holdings by 302.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,182 shares of the company’s stock valued at $172,000 after buying an additional 3,144 shares in the last quarter. Finally, Advisor Group Inc. bought a new position in United Continental Holdings during the second quarter valued at about $176,000. 94.26% of the stock is owned by hedge funds and other institutional investors.
Shares of United Continental Holdings Inc. (NYSE:UAL) traded up 0.30% on Friday, hitting $70.09. The company had a trading volume of 1,410,370 shares. The company has a market capitalization of $22.24 billion, a price-to-earnings ratio of 8.95 and a beta of 0.63. United Continental Holdings Inc. has a 52 week low of $37.41 and a 52 week high of $70.18. The stock’s 50-day moving average is $58.76 and its 200 day moving average is $49.84.
United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Monday, October 17th. The company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.23. The company earned $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. United Continental Holdings had a return on equity of 39.10% and a net margin of 7.36%. United Continental Holdings’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business earned $4.53 earnings per share. Equities analysts expect that United Continental Holdings Inc. will post $7.98 EPS for the current year.
UAL has been the subject of several recent analyst reports. Morgan Stanley reaffirmed a “buy” rating and issued a $57.00 price target on shares of United Continental Holdings in a research report on Sunday, August 21st. Standpoint Research initiated coverage on United Continental Holdings in a research report on Thursday, August 25th. They issued a “buy” rating and a $70.00 price target for the company. Vetr raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $49.50 price target for the company in a research report on Tuesday, August 23rd. Stifel Nicolaus lowered their price target on United Continental Holdings from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 24th. Finally, Credit Suisse Group AG set a $47.00 price target on United Continental Holdings and gave the stock a “hold” rating in a research report on Friday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $64.44.
In related news, CFO Andrew C. Levy purchased 15,000 shares of United Continental Holdings stock in a transaction that occurred on Friday, September 2nd. The stock was bought at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the completion of the transaction, the chief financial officer now owns 20,791 shares in the company, valued at $1,059,509.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chris Kenny sold 3,824 shares of United Continental Holdings stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $67.39, for a total value of $257,699.36. Following the transaction, the vice president now owns 10,179 shares of the company’s stock, valued at $685,962.81. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.
About United Continental Holdings
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates an average of approximately 5,000 flights a day to over 340 airports across six continents from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.