Sei Investments Co. Trims Stake in United Continental Holdings, Inc. (UAL)

Sei Investments Co. cut its holdings in shares of United Continental Holdings, Inc. (NYSE:UAL) by 3.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 325,759 shares of the transportation company’s stock after selling 12,032 shares during the period. Sei Investments Co. owned 0.11% of United Continental Holdings worth $19,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Exane Derivatives boosted its stake in shares of United Continental Holdings by 373.7% during the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 1,461 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of United Continental Holdings by 0.9% during the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of United Continental Holdings during the first quarter valued at approximately $122,000. Sun Life Financial INC boosted its stake in shares of United Continental Holdings by 18,645.5% during the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 2,051 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of United Continental Holdings during the second quarter valued at approximately $181,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.

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United Continental Holdings, Inc. (NYSE:UAL) opened at $57.81 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37. United Continental Holdings, Inc. has a fifty-two week low of $57.34 and a fifty-two week high of $83.04. The stock has a market cap of $17,336.69, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.51 and a beta of 1.02.

United Continental Holdings (NYSE:UAL) last issued its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. United Continental Holdings had a net margin of 5.22% and a return on equity of 25.26%. The firm had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.87 billion. During the same quarter last year, the company posted $3.11 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. analysts forecast that United Continental Holdings, Inc. will post 6.33 EPS for the current year.

In other news, Director Robert A. Milton acquired 1,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was bought at an average price of $58.60 per share, with a total value of $58,600.00. Following the completion of the acquisition, the director now owns 6,176 shares of the company’s stock, valued at $361,913.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward Shapiro acquired 15,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was purchased at an average cost of $59.87 per share, with a total value of $898,050.00. Following the acquisition, the director now directly owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

UAL has been the topic of a number of recent research reports. Buckingham Research downgraded shares of United Continental Holdings from a “buy” rating to a “neutral” rating and increased their price objective for the company from $49.28 to $59.80 in a research note on Monday, September 18th. Barclays PLC reiterated a “buy” rating and set a $80.00 price objective on shares of United Continental Holdings in a research note on Monday, September 25th. Citigroup Inc. increased their price objective on shares of United Continental Holdings from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Morgan Stanley restated an “equal weight” rating and issued a $71.00 target price (down from $72.00) on shares of United Continental Holdings in a research note on Friday, September 1st. Finally, Stephens restated an “equal weight” rating and issued a $65.00 target price (down from $80.00) on shares of United Continental Holdings in a research note on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $77.63.

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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