Bank of Nova Scotia Increases Position in United Continental Holdings, Inc. (UAL)

Bank of Nova Scotia raised its stake in shares of United Continental Holdings, Inc. (NYSE:UAL) by 905.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,552 shares of the transportation company’s stock after buying an additional 59,032 shares during the period. Bank of Nova Scotia’s holdings in United Continental Holdings were worth $4,631,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of United Continental Holdings during the fourth quarter worth approximately $681,000. Kentucky Retirement Systems purchased a new stake in shares of United Continental Holdings during the fourth quarter worth approximately $1,527,000. Teachers Advisors LLC boosted its position 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 period. UBS Asset Management Americas Inc. boosted its position in shares of United Continental Holdings by 65.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 456,145 shares of the transportation company’s stock worth $33,245,000 after buying an additional 179,844 shares during the period. Finally, Elkhorn Investments LLC bought a new position in shares of United Continental Holdings during the fourth quarter worth about $881,000. 96.66% of the stock is owned by institutional investors.

Shares of United Continental Holdings, Inc. (NYSE UAL) opened at 79.78 on Tuesday. The stock has a market capitalization of $24.70 billion, a P/E ratio of 12.48 and a beta of 1.04. The firm has a 50-day moving average price of $78.46 and a 200-day moving average price of $73.92. United Continental Holdings, Inc. has a 52-week low of $44.15 and a 52-week high of $83.04.

United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Monday, April 17th. The transportation company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.38 billion. United Continental Holdings had a return on equity of 30.61% and a net margin of 5.56%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. On average, analysts predict that United Continental Holdings, Inc. will post $7.88 EPS for the current year.

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Several research firms have recently weighed in on UAL. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. UBS AG reissued a “buy” rating and set a $103.00 target price (up from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Citigroup Inc. boosted their target price on United Continental Holdings from $78.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, July 13th. Morgan Stanley restated an “equal weight” rating and issued a $85.00 price target (up from $80.00) on shares of United Continental Holdings in a research note on Thursday, July 13th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $86.00 price target on shares of United Continental Holdings in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $82.94.

In other news, EVP Michael P. Bonds sold 9,971 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $78.86, for a total value of $786,313.06. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction on 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 sale, 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 owned by corporate 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.

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

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