Northpointe Capital LLC Has $2.70 Million Stake in United Continental Holdings Inc (UAL)

Northpointe Capital LLC lifted its position in United Continental Holdings Inc (NASDAQ:UAL) by 7.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,841 shares of the transportation company’s stock after buying an additional 2,400 shares during the period. Northpointe Capital LLC’s holdings in United Continental were worth $2,700,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. purchased a new position in shares of United Continental in the 1st quarter worth approximately $210,000. Sciencast Management LP purchased a new position in shares of United Continental in the 1st quarter worth approximately $2,528,000. Strategic Advisors LLC grew its position in shares of United Continental by 7.3% in the 1st quarter. Strategic Advisors LLC now owns 30,396 shares of the transportation company’s stock worth $2,425,000 after buying an additional 2,075 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of United Continental in the 1st quarter worth approximately $332,000. Finally, Stone House Investment Management LLC purchased a new position in shares of United Continental in the 1st quarter worth approximately $30,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UAL stock traded up $3.44 during trading hours on Wednesday, hitting $88.61. The company’s stock had a trading volume of 2,760,491 shares, compared to its average volume of 2,943,582. The company has a market capitalization of $22.34 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 0.40 and a beta of 0.96. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.54 and a quick ratio of 0.47. United Continental Holdings Inc has a 12-month low of $65.45 and a 12-month high of $97.85.

United Continental (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.94 by $0.21. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.62 billion. United Continental had a net margin of 5.15% and a return on equity of 27.73%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. As a group, sell-side analysts forecast that United Continental Holdings Inc will post 11.08 earnings per share for the current year.

UAL has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of United Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Imperial Capital downgraded shares of United Continental from an “in-line” rating to an “underperform” rating and dropped their target price for the stock from $110.00 to $73.00 in a research report on Wednesday, January 9th. JPMorgan Chase & Co. raised shares of United Continental from a “neutral” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Thursday, January 10th. Cowen reissued a “market perform” rating and set a $99.00 target price (up previously from $94.00) on shares of United Continental in a research report on Thursday, January 17th. Finally, Macquarie set a $111.00 target price on shares of United Continental and gave the stock a “buy” rating in a research report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $101.24.

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About United Continental

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.

Further Reading: Fiduciary

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

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