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President and CEO of United Continental Holdings Inc. Jeffrey Smisek Buys 55,600 Shares
Posted by: GuruFocus (IP Logged)
Date: August 13, 2012 05:09PM
President and CEO of United Continental Holdings Inc. (UAL) Jeffery A. Smisek bought 55,600 shares on 08/09/2012 at an average price of $18. The total transaction amount is $1,000,800. UAL is the parent company of United Airlines. United Continental Holdings Inc. has a market cap of $5.9 billion; its shares were traded at around $18.1905 with a P/E ratio of 6.3 and P/S ratio of 0.2.
Aside from CEO Jeffrey Smisek, CFO John D. Rainey also purchased 13,500 shares of UAL on 0/9/2012. COO Peter McDonald also recently purchased 13,500 shares of the company. There are mixed trades from other insiders.
Jeffrey Smisek is the president and CEO of United Continental Holdings. Smisek is also a member of the United Continental Holdings Inc. Board of Directors. Previously, Smisek was chairman, president and CEO of Continental Airlines Inc. Smisek joined Continental in 1995 as senior vice president and general counsel. In 2004, he became president and was elected to the company’s board of directors. He became president and chief operating officer in September 2008 and assumed the role of chairman, president and CEO in January 2010.
UAL has an average annual revenue growth of -14.2% in the last five years. Revenue growth was 1.1% in the past 12 months. Earnings per share have been positive for three out of the past six years. United Continental Holdings has $7.8 billion in cash, but owes $10.5 billion in long-term debt and $15.2 billion in other long-term liabilities. The company has a large portion of its assets in property, plant and equipment.
Several gurus hold positions in UAL. PRIMECAP Management owns 2,317,170 shares as of 03/31/2012, an increase of 3304.1% from the previous quarter. This position accounts for 0.074% of the $67.24 billion portfolio of PRIMECAP Management. David Tepper owns 7,968,035 shares as of 03/31/2012, an increase of 570.77% from the previous quarter. This position accounts for 4.2% of the $4.05 billion portfolio of Appaloosa Management LP. Brian Rogers owns 5,000,000 shares as of 06/30/2012, an increase of 11.11% from the previous quarter. This position accounts for 0.55% of the $21.98 billion portfolio of T Rowe Price Equity Income Fund.
Guru Discussed: PRIMECAP Management: Current Portfolio, Stock Picks
David Tepper: Current Portfolio, Stock Picks
Stocks Discussed: UAL,