NN Investment Partners Holdings N.V. lowered its position in United Continental Holdings, Inc. (NYSE:UAL) by 83.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm 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 reporting period.
Other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in United Continental Holdings during the first quarter valued at approximately $122,000. Paragon Capital Management Ltd purchased a new position in United Continental Holdings during the first quarter valued at approximately $210,000. FNY Partners Fund LP raised 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 in the last quarter. TrimTabs Asset Management LLC raised 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 in the last quarter. Finally, IFP Advisors Inc raised 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 in the last quarter. 98.52% of the stock is currently owned by institutional investors.
Shares of United Continental Holdings, Inc. (UAL) opened at 68.91 on Friday. United Continental Holdings, Inc. has a one year low of $44.15 and a one year high of $83.04. The firm has a 50-day moving average of $75.42 and a 200-day moving average of $74.04. The firm has a market capitalization of $20.96 billion, a P/E ratio of 9.52 and a beta of 1.03. United Continental Holdings also saw unusually large options trading on Thursday. Traders purchased 1,399 call options on the stock. This represents an increase of 115% compared to the typical volume of 650 call options.
United Continental Holdings (NYSE:UAL) last posted its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.61 EPS. On average, equities analysts predict that United Continental Holdings, Inc. will post $7.83 earnings per share for the current fiscal year.
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Several research firms have recently commented on UAL. ValuEngine upgraded shares of United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. UBS AG restated a “buy” rating and set a $103.00 price target (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Citigroup Inc. upped their price target on shares of United Continental Holdings from $78.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. Morgan Stanley restated an “equal weight” rating and set a $85.00 price target (up previously from $80.00) on shares of United Continental Holdings in a research report on Thursday, July 13th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $86.00 price target on shares of United Continental Holdings in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. United Continental Holdings presently has an average rating of “Hold” and an average price target of $85.16.
In other news, EVP Michael P. Bonds sold 9,971 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $78.86, for a total transaction of $786,313.06. Following the completion of the transaction, the executive vice president now directly owns 8,716 shares in the company, valued at approximately $687,343.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gregory L. Hart sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $76.83, for a total value of $230,490.00. Following the transaction, the executive vice president now owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.
About United Continental Holdings
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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