HBK Investments L P lowered its holdings in United Continental Holdings Inc (NYSE:UAL) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 804,792 shares of the transportation company’s stock after selling 116,808 shares during the period. United Continental comprises 0.5% of HBK Investments L P’s portfolio, making the stock its 15th largest position. HBK Investments L P’s holdings in United Continental were worth $54,243,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of UAL. Advisors Preferred LLC lifted its holdings in United Continental by 1,100.8% during the 4th quarter. Advisors Preferred LLC now owns 1,513 shares of the transportation company’s stock worth $102,000 after buying an additional 1,387 shares during the last quarter. Focused Wealth Management Inc bought a new position in United Continental during the 4th quarter worth approximately $135,000. Deltec Asset Management LLC bought a new position in United Continental during the 4th quarter worth approximately $203,000. Beach Investment Counsel Inc. PA bought a new position in United Continental during the 4th quarter worth approximately $204,000. Finally, Wetherby Asset Management Inc. bought a new position in United Continental during the 4th quarter worth approximately $208,000. 97.22% of the stock is owned by hedge funds and other institutional investors.
Shares of United Continental Holdings Inc (NYSE UAL) opened at $71.55 on Monday. The stock has a market capitalization of $20,370.32, a P/E ratio of 10.57 and a beta of 0.99. United Continental Holdings Inc has a 1-year low of $56.51 and a 1-year high of $83.04. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.56 and a quick ratio of 0.49.
United Continental announced that its board has approved a stock repurchase plan on Thursday, December 7th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
A number of research analysts have commented on UAL shares. TheStreet raised United Continental from a “c+” rating to a “b” rating in a report on Thursday, December 7th. Citigroup raised United Continental from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $130.00 target price (up previously from $100.00) on shares of United Continental in a report on Wednesday, January 10th. Buckingham Research raised United Continental from a “neutral” rating to a “buy” rating and increased their target price for the stock from $65.00 to $81.00 in a report on Tuesday, December 19th. Finally, Standpoint Research raised United Continental from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $83.03.
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.
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