Sei Investments Co. decreased its holdings in shares of United Continental Holdings Inc (NYSE:UAL) by 10.5% during the 4th quarter, HoldingsChannel reports. The firm owned 291,423 shares of the transportation company’s stock after selling 34,336 shares during the quarter. Sei Investments Co.’s holdings in United Continental were worth $19,642,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Exane Derivatives boosted its position in shares of United Continental by 373.7% during the 3rd quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 1,461 shares in the last quarter. Deltec Asset Management LLC bought a new stake in shares of United Continental during the 4th quarter valued at about $203,000. Beach Investment Counsel Inc. PA bought a new stake in shares of United Continental during the 4th quarter valued at about $204,000. Zeke Capital Advisors LLC bought a new stake in shares of United Continental during the 3rd quarter valued at about $230,000. Finally, Wealthstreet Investment Advisors LLC bought a new stake in shares of United Continental during the 4th quarter valued at about $236,000. Institutional investors own 94.21% of the company’s stock.
UAL has been the topic of several research analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of United Continental in a research report on Wednesday, January 24th. Bank of America upped their target price on United Continental from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. ValuEngine lowered United Continental from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, February 13th. Finally, Buckingham Research upgraded United Continental from a “neutral” rating to a “buy” rating and upped their target price for the company from $65.00 to $81.00 in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $82.87.
United Continental (NYSE:UAL) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.40 EPS for the quarter, topping the consensus estimate of $0.95 by $0.45. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.41 billion. United Continental had a return on equity of 23.43% and a net margin of 5.65%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 earnings per share. equities research analysts predict that United Continental Holdings Inc will post 7.43 EPS for the current year.
United Continental announced that its Board of Directors has approved a stock repurchase program on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
ILLEGAL ACTIVITY WARNING: This article was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.chaffeybreeze.com/2018/02/19/united-continental-holdings-inc-ual-shares-sold-by-sei-investments-co.html.
United Continental Company Profile
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 flights 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.
Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Continental Holdings Inc (NYSE:UAL).
Receive News & Ratings for United Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental and related companies with MarketBeat.com's FREE daily email newsletter.