Rockefeller Financial Services Inc. lowered its stake in shares of United Continental Holdings, Inc. (NYSE:UAL) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 937,974 shares of the transportation company’s stock after selling 31,795 shares during the period. United Continental Holdings makes up 1.4% of Rockefeller Financial Services Inc.’s portfolio, making the stock its 26th largest position. Rockefeller Financial Services Inc.’s holdings in United Continental Holdings were worth $70,582,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UAL. Oppenheimer Asset Management Inc. bought a new position in United Continental Holdings during the first quarter valued at approximately $122,000. FNY Partners Fund LP increased its position in United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares during the period. TrimTabs Asset Management LLC increased its position in United Continental Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock valued at $147,000 after buying an additional 976 shares during the period. IFP Advisors Inc increased its position in United Continental Holdings by 15.6% in the first quarter. IFP Advisors Inc now owns 2,687 shares of the transportation company’s stock valued at $190,000 after buying an additional 363 shares during the period. Finally, Virtu Financial LLC bought a new position in United Continental Holdings during the first quarter valued at approximately $208,000. 96.66% of the stock is owned by institutional investors and hedge funds.
United Continental Holdings, Inc. (NYSE:UAL) traded down 1.49% during trading on Tuesday, reaching $78.59. 2,641,319 shares of the company’s stock traded hands. The firm has a market capitalization of $24.34 billion, a PE ratio of 12.29 and a beta of 1.04. United Continental Holdings, Inc. has a 1-year low of $44.15 and a 1-year high of $83.04. The firm has a 50 day moving average of $78.46 and a 200 day moving average of $73.92.
United Continental Holdings (NYSE:UAL) last released its earnings results on Monday, April 17th. The transportation company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. United Continental Holdings had a net margin of 5.56% and a return on equity of 30.61%. The business had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.38 billion. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.23 earnings per share. Equities analysts forecast that United Continental Holdings, Inc. will post $7.88 EPS for the current year.
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Several analysts have recently issued reports on the stock. UBS AG restated a “buy” rating and set a $103.00 target price (up from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Stifel Nicolaus reissued a “buy” rating on shares of United Continental Holdings in a research report on Wednesday, April 19th. Zacks Investment Research raised shares of United Continental Holdings from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Tuesday, June 20th. Bank of America Corporation reduced their price objective on shares of United Continental Holdings from $105.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, June 30th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $85.00 price objective (up from $80.00) on shares of United Continental Holdings in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $82.94.
In other news, Director Edward Shapiro acquired 10,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were bought at an average price of $69.35 per share, for a total transaction of $693,500.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $693,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Michael P. Bonds sold 9,971 shares of United Continental Holdings stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $78.86, for a total transaction of $786,313.06. Following the sale, the executive vice president now owns 8,716 shares in the company, valued at approximately $687,343.76. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.
United Continental Holdings 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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