Mayo Investment Advisers LLC Has $6.60 Million Position in United Continental Holdings, Inc. (NYSE:UAL)

Mayo Investment Advisers LLC reduced its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 39.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,721 shares of the transportation company’s stock after selling 56,636 shares during the quarter. United Continental Holdings accounts for about 2.7% of Mayo Investment Advisers LLC’s investment portfolio, making the stock its 18th biggest holding. Mayo Investment Advisers LLC’s holdings in United Continental Holdings were worth $6,601,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of United Continental Holdings by 4,642.3% during the 1st quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock valued at $1,559,382,000 after acquiring an additional 21,609,536 shares during the last quarter. Boston Partners boosted its holdings in shares of United Continental Holdings by 37.7% during the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock valued at $364,214,000 after acquiring an additional 1,324,894 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of United Continental Holdings by 133.0% during the 2nd quarter. Acadian Asset Management LLC now owns 972,736 shares of the transportation company’s stock valued at $73,200,000 after acquiring an additional 555,304 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of United Continental Holdings by 383.9% during the 2nd quarter. Bank of Montreal Can now owns 578,146 shares of the transportation company’s stock valued at $43,505,000 after acquiring an additional 458,666 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of United Continental Holdings by 23.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,982,338 shares of the transportation company’s stock valued at $140,032,000 after acquiring an additional 376,942 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

In related news, EVP Gregory L. Hart sold 3,000 shares of the 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 completion of the transaction, the executive vice president now owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.27% of the company’s stock.

United Continental Holdings, Inc. (UAL) traded up 0.31% during mid-day trading on Wednesday, reaching $61.43. 2,816,991 shares of the company were exchanged. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 8.49 and a beta of 1.06. United Continental Holdings, Inc. has a 1-year low of $49.28 and a 1-year high of $83.04. The stock’s 50-day moving average price is $64.85 and its 200-day moving average price is $72.03.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.44. The firm had revenue of $10 billion during 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%. United Continental Holdings’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.61 earnings per share. On average, equities research analysts anticipate that United Continental Holdings, Inc. will post $7.18 EPS for the current fiscal year.

A number of research firms recently issued reports on UAL. Bank of America Corporation restated a “buy” rating and set a $105.00 target price on shares of United Continental Holdings in a research note on Wednesday, July 12th. UBS AG reiterated a “buy” rating and set a $103.00 price objective (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Citigroup Inc. reiterated a “neutral” rating and set a $68.00 price objective (down previously from $85.00) on shares of United Continental Holdings in a research report on Thursday, September 7th. Morgan Stanley reiterated an “equal weight” rating and set a $85.00 price objective (up previously from $80.00) on shares of United Continental Holdings in a research report on Thursday, July 13th. Finally, Zacks Investment Research cut shares of United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Continental Holdings has a consensus rating of “Hold” and a consensus price target of $83.62.

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United Continental Holdings 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.

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

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