Los Angeles Capital Management & Equity Research Inc. decreased its stake in shares of United Continental Holdings, Inc. (NYSE:UAL) by 46.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 238,227 shares of the transportation company’s stock after selling 209,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.08% of United Continental Holdings worth $17,927,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Intact Investment Management Inc. purchased a new stake in shares of United Continental Holdings in the second quarter valued at $339,000. Hosking Partners LLP grew its position in shares of United Continental Holdings by 1.6% in the second quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock valued at $36,625,000 after purchasing an additional 7,737 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of United Continental Holdings by 2.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 563,841 shares of the transportation company’s stock valued at $42,429,000 after purchasing an additional 12,422 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in shares of United Continental Holdings by 7.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 58,266 shares of the transportation company’s stock valued at $4,385,000 after purchasing an additional 4,061 shares during the period. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in shares of United Continental Holdings in the second quarter valued at $780,000. 97.70% of the stock is owned by institutional investors.

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United Continental Holdings, Inc. (NYSE:UAL) opened at 58.58 on Friday. United Continental Holdings, Inc. has a 12-month low of $49.28 and a 12-month high of $83.04. The company has a market capitalization of $17.82 billion, a price-to-earnings ratio of 8.09 and a beta of 1.06. The stock’s 50 day moving average price is $65.83 and its 200 day moving average price is $72.38.

United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.44. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 earnings per share. On average, equities research analysts anticipate that United Continental Holdings, Inc. will post $7.51 earnings per share for the current fiscal year.

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

A number of brokerages have recently commented on UAL. Bank of America Corporation reaffirmed a “buy” rating and issued a $105.00 price objective on shares of United Continental Holdings in a research report on Wednesday, July 12th. UBS AG reissued 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. reissued a “neutral” rating and set a $68.00 price target (down previously from $85.00) on shares of United Continental Holdings in a research report on Thursday. Stephens restated an “equal weight” rating and set a $65.00 price objective (down previously from $80.00) on shares of United Continental Holdings in a research note on Thursday. Finally, Morgan Stanley restated 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 note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $83.62.

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.

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

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