United Continental Holdings, Inc. (NYSE:UAL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its stake in United Continental Holdings, Inc. (NYSE:UAL) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,625 shares of the transportation company’s stock after selling 1,770 shares during the period. Retirement Systems of Alabama’s holdings in United Continental Holdings were worth $10,281,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake 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 valued at $1,559,382,000 after buying an additional 21,609,536 shares in the last quarter. Acadian Asset Management LLC raised its stake in United Continental Holdings by 133.0% in the second quarter. Acadian Asset Management LLC now owns 972,736 shares of the transportation company’s stock worth $73,200,000 after buying an additional 555,304 shares during the period. Bank of Montreal Can raised its stake in 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 period. O Shaughnessy Asset Management LLC raised its stake in 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 period. Finally, APG Asset Management N.V. raised its stake in 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 period. Institutional investors own 98.51% of the company’s stock.

United Continental Holdings, Inc. (NYSE UAL) opened at 65.87 on Friday. The stock has a market cap of $20.04 billion, a P/E ratio of 9.10 and a beta of 1.03. The company has a 50-day moving average price of $73.10 and a 200-day moving average price of $73.66. United Continental Holdings, Inc. has a one year low of $46.56 and a one year high of $83.04.

United Continental Holdings (NYSE:UAL) last released its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.44. The company had revenue of $10 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.61 earnings per share. On average, analysts anticipate that United Continental Holdings, Inc. will post $7.81 earnings per share for the current year.

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A number of research firms have recently issued reports on UAL. Sanford C. Bernstein reiterated a “hold” rating on shares of United Continental Holdings in a research note on Monday, August 7th. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research reiterated a “buy” rating and issued a $97.00 target price on shares of United Continental Holdings in a research note on Saturday, July 22nd. Finally, Morgan Stanley increased their target price on United Continental Holdings from $79.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, July 20th. Two investment 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 stock has a consensus rating of “Hold” and an average target price of $85.16.

In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of United Continental Holdings stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the sale, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for United Continental Holdings (NYSE:UAL)

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