Trustmark National Bank Trust Department Makes New $598,000 Investment in United Continental Holdings Inc (NASDAQ:UAL)

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Trustmark National Bank Trust Department bought a new position in shares of United Continental Holdings Inc (NASDAQ:UAL) during the 1st quarter, HoldingsChannel reports. The firm bought 18,940 shares of the transportation company’s stock, valued at approximately $598,000.

A number of other institutional investors have also modified their holdings of UAL. Bessemer Group Inc. boosted its holdings in shares of United Continental by 176.6% in the 1st quarter. Bessemer Group Inc. now owns 780 shares of the transportation company’s stock valued at $25,000 after buying an additional 498 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of United Continental by 1,437.5% in the 1st quarter. Whittier Trust Co. now owns 861 shares of the transportation company’s stock valued at $27,000 after buying an additional 805 shares in the last quarter. Pinnacle Financial Partners Inc. bought a new stake in shares of United Continental in the 4th quarter valued at about $28,000. Cornerstone Advisors Inc. boosted its holdings in shares of United Continental by 120.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 881 shares of the transportation company’s stock valued at $28,000 after buying an additional 481 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of United Continental in the 1st quarter valued at approximately $28,000. Institutional investors own 85.18% of the company’s stock.

UAL traded down $4.81 on Thursday, hitting $34.91. 75,911,749 shares of the company’s stock were exchanged, compared to its average volume of 30,811,197. United Continental Holdings Inc has a fifty-two week low of $17.80 and a fifty-two week high of $96.03. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 1.98. The firm has a 50-day moving average price of $27.96 and a 200-day moving average price of $58.33. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 9.71 and a beta of 1.47.

United Continental (NASDAQ:UAL) last announced its earnings results on Thursday, April 30th. The transportation company reported ($2.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.36) by $0.79. United Continental had a net margin of 2.43% and a return on equity of 20.51%. The company had revenue of $7.98 billion for the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter in the previous year, the company posted $1.15 EPS. The firm’s quarterly revenue was down 16.8% on a year-over-year basis. On average, equities analysts predict that United Continental Holdings Inc will post -20.44 EPS for the current year.

UAL has been the subject of several research analyst reports. ValuEngine raised shares of United Continental from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. Cfra decreased their price objective on shares of United Continental from $110.00 to $83.00 and set a “hold” rating for the company in a research report on Monday, February 24th. Stifel Nicolaus lowered shares of United Continental from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Argus lowered shares of United Continental from a “buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, Citigroup reduced their price target on shares of United Continental from $87.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $66.87.

United Continental Profile

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.

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

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