BlueMountain Capital Management LLC Acquires New Stake in United Continental Holdings Inc (UAL)

BlueMountain Capital Management LLC acquired a new position in shares of United Continental Holdings Inc (NYSE:UAL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,468 shares of the transportation company’s stock, valued at approximately $102,000.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC increased its position in shares of United Continental by 15.2% during the first quarter. Millennium Management LLC now owns 147,469 shares of the transportation company’s stock worth $10,245,000 after acquiring an additional 19,480 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in shares of United Continental by 37.3% during the second quarter. Xact Kapitalforvaltning AB now owns 14,331 shares of the transportation company’s stock worth $999,000 after acquiring an additional 3,894 shares in the last quarter. Boston Advisors LLC bought a new stake in shares of United Continental during the second quarter worth $1,403,000. Calamos Wealth Management LLC bought a new stake in shares of United Continental during the second quarter worth $744,000. Finally, Dimensional Fund Advisors LP increased its position in shares of United Continental by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,317,812 shares of the transportation company’s stock worth $301,075,000 after acquiring an additional 144,690 shares in the last quarter. 95.21% of the stock is owned by institutional investors.

UAL has been the subject of several research reports. Citigroup lowered their price objective on shares of United Continental from $92.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, May 29th. Imperial Capital reduced their target price on shares of United Continental from $77.00 to $73.00 and set a “line” rating for the company in a report on Friday, June 1st. Buckingham Research increased their target price on shares of United Continental from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 13th. Deutsche Bank cut shares of United Continental from a “buy” rating to a “hold” rating and reduced their target price for the stock from $81.00 to $74.00 in a report on Tuesday, July 3rd. Finally, Morgan Stanley reduced their target price on shares of United Continental from $77.00 to $76.00 and set an “equal weight” rating for the company in a report on Thursday, July 12th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $89.27.

Shares of UAL opened at $87.92 on Wednesday. United Continental Holdings Inc has a 12 month low of $56.51 and a 12 month high of $91.39. The firm has a market cap of $23.75 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 0.51 and a beta of 0.75. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.56.

United Continental (NYSE:UAL) last announced its earnings results on Tuesday, July 17th. The transportation company reported $3.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.07 by $0.16. The business had revenue of $10.78 billion during the quarter, compared to analysts’ expectations of $10.72 billion. United Continental had a net margin of 5.23% and a return on equity of 24.28%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.75 earnings per share. equities research analysts predict that United Continental Holdings Inc will post 8.13 EPS for the current year.

United Continental Profile

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

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Institutional Ownership by Quarter for United Continental (NYSE:UAL)

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