Notable Ownership Action: United Continental Holdings Inc (NYSE:UAL): Institutional Investor Sentiment Down to 0.8

November 28, 2016 - By Winifred Garcia   ·   0 Comments

Notable Ownership Action: United Continental Holdings Inc (NYSE:UAL): Institutional Investor Sentiment Down to 0.8

Sentiment for United Continental Holdings Inc (NYSE:UAL)

United Continental Holdings Inc (NYSE:UAL) institutional sentiment decreased to 0.8 in Q2 2016. Its down -0.04, from 0.84 in 2016Q1. The ratio has worsened, as 224 institutional investors increased and started new equity positions, while 266 sold and reduced equity positions in United Continental Holdings Inc. The institutional investors in our partner’s database now own: 303.48 million shares, down from 325.50 million shares in 2016Q1. Also, the number of institutional investors holding United Continental Holdings Inc in their top 10 equity positions decreased from 19 to 13 for a decrease of 6. Sold All: 82 Reduced: 184 Increased: 154 New Position: 70.

United Continental Holdings, Inc. is a holding firm and its principal subsidiary is United Air Lines, Inc. (United). The company has a market cap of $22.29 billion. The Firm transports people and cargo through its mainline operations. It has a 8.6 P/E ratio. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America.

About 160 shares traded hands. United Continental Holdings Inc (NYSE:UAL) has risen 41.97% since April 25, 2016 and is uptrending. It has outperformed by 35.95% the S&P500.

Analysts await United Continental Holdings Inc (NYSE:UAL) to report earnings on January, 19. They expect $1.09 EPS, down 57.09% or $1.45 from last year’s $2.54 per share. UAL’s profit will be $346.95M for 16.07 P/E if the $1.09 EPS becomes a reality. After $3.11 actual EPS reported by United Continental Holdings Inc for the previous quarter, Wall Street now forecasts -64.95% negative EPS growth.

According to Zacks Investment Research, “United Continental Holdings, Inc. is in Airlines industry. It is the holding company for United Airlines and Continental Airlines. The Company operates its businesses through two reporting segments: Mainline and Regional Affiliates. The Company manages its business as an integrated network with assets deployed across its Mainline and regional carrier networks. Together with United Express, Continental Express and Continental Connection, these airlines operate throughout the Americas, Europe, Asia and Africa from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York, San Francisco, Tokyo and Washington, D.C. United Continental Holdings, Inc., formerly known as United Airlines Corp., is headquartered in Chicago.”

Altimeter Capital Management Lp holds 35.17% of its portfolio in United Continental Holdings Inc for 11.51 million shares. Credit Capital Investments Llc owns 8.17 million shares or 11.53% of their US portfolio. Moreover, Par Capital Management Inc has 11.1% invested in the company for 16.29 million shares. The New York-based Rudman Errol M has invested 7.94% in the stock. Tegean Capital Management Llc, a New York-based fund reported 200,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 1 insider sale for $506,687 net activity.

United Continental Holdings Inc (NYSE:UAL) Ratings Coverage

Ratings analysis reveals 53% of United Continental’s analysts are positive. Out of 15 Wall Street analysts rating United Continental, 8 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $42 while the high is $88. The stock’s average target of $66.96 is -4.38% below today’s ($70.03) share price. UAL was included in 32 notes of analysts from July 24, 2015. Morgan Stanley maintained the shares of UAL in a report on Thursday, April 28 with “Overweight” rating. The stock has “Equal-Weight” rating given by Stephens on Tuesday, March 29. On Thursday, February 4 the stock rating was maintained by JP Morgan with “Overweight”. Imperial Capital downgraded United Continental Holdings Inc (NYSE:UAL) on Tuesday, November 22 to “In-Line” rating. The firm has “Outperform” rating by Imperial Capital given on Wednesday, October 12. The stock has “Hold” rating given by Standpoint Research on Thursday, November 10. Cowen & Co maintained it with “Outperform” rating and $75 target price in Monday, August 31 report. Deutsche Bank upgraded the stock to “Buy” rating in Friday, July 24 report. The stock of United Continental Holdings Inc (NYSE:UAL) has “Neutral” rating given on Friday, November 18 by Citigroup. Raymond James upgraded United Continental Holdings Inc (NYSE:UAL) on Tuesday, August 30 to “Outperform” rating.

UAL Company Profile

United Continental Holdings, Inc. (UAL), incorporated on December 30, 1968, is a holding firm and its principal subsidiary is United Air Lines, Inc. (United). The Firm 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. Won Pat International Airport (Guam), San Francisco International Airport (SFO) and Washington Dulles International Airport (Washington Dulles).

More recent United Continental Holdings Inc (NYSE:UAL) news were published by: Wsj.com which released: “United Continental Postpones Boeing 737 Jets” on November 15, 2016. Also Wsj.com published the news titled: “United Continental Investors Hope Their Airline Closes the Gap” on November 12, 2016. Reuters.com‘s news article titled: “BRIEF-United Continental Holdings Inc reduces its capital expenditures” with publication date: November 15, 2016 was also an interesting one.

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By Winifred Garcia


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