NN Investment Partners Holdings N.V. Cuts Stake in United Continental Holdings, Inc. (UAL)

NN Investment Partners Holdings N.V. reduced its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 83.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,366 shares of the transportation company’s stock after selling 154,552 shares during the period. NN Investment Partners Holdings N.V.’s holdings in United Continental Holdings were worth $2,285,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of United Continental Holdings by 4,642.3% in the first quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock worth $1,559,382,000 after buying an additional 21,609,536 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of United Continental Holdings by 136.4% in the fourth quarter. Teachers Advisors LLC now owns 1,149,261 shares of the transportation company’s stock worth $83,758,000 after buying an additional 663,008 shares during the last quarter. Bank of Montreal Can increased its stake in shares of United Continental Holdings by 383.9% in the second quarter. Bank of Montreal Can now owns 578,146 shares of the transportation company’s stock worth $43,505,000 after buying an additional 458,666 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of United Continental Holdings by 23.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,982,338 shares of the transportation company’s stock worth $140,032,000 after buying an additional 376,942 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of United Continental Holdings by 37.0% in the first quarter. APG Asset Management N.V. now owns 1,273,773 shares of the transportation company’s stock worth $89,979,000 after buying an additional 343,734 shares during the last quarter. Hedge funds and other institutional investors own 96.65% of the company’s stock.

United Continental Holdings, Inc. (UAL) opened at 67.88 on Friday. The firm’s 50-day moving average price is $76.02 and its 200 day moving average price is $74.14. United Continental Holdings, Inc. has a one year low of $44.15 and a one year high of $83.04. The firm has a market cap of $20.65 billion, a P/E ratio of 9.38 and a beta of 1.04.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the prior year, the business posted $2.61 EPS. United Continental Holdings’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that United Continental Holdings, Inc. will post $7.83 EPS for the current year.

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A number of analysts have commented on the stock. Imperial Capital reaffirmed an “in-line” rating and set a $75.00 price objective on shares of United Continental Holdings in a research note on Friday, May 19th. UBS AG upped their price objective on shares of United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, July 12th. Cowen and Company reaffirmed a “market perform” rating and set a $75.00 price objective on shares of United Continental Holdings in a research note on Wednesday, April 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $86.00 price objective on shares of United Continental Holdings in a research note on Thursday, July 13th. Finally, Vetr lowered shares of United Continental Holdings from a “strong-buy” rating to a “sell” rating and set a $65.32 price objective for the company. in a research note on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $85.16.

In related news, EVP Michael P. Bonds sold 9,971 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $78.86, for a total value of $786,313.06. Following the completion of the transaction, the executive vice president now owns 8,716 shares of the company’s stock, valued at approximately $687,343.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory L. Hart sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the completion of the sale, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at approximately $2,179,590.27. 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.