Rhumbline Advisers Reduces Position in United Continental Holdings, Inc. (UAL)

Rhumbline Advisers decreased its stake in shares of United Continental Holdings, Inc. (NYSE:UAL) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 483,176 shares of the transportation company’s stock after selling 16,555 shares during the quarter. Rhumbline Advisers owned about 0.16% of United Continental Holdings worth $29,416,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MCF Advisors LLC boosted its position 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 worth $115,000 after acquiring an additional 13 shares during the last quarter. Exane Derivatives boosted its position 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 worth $113,000 after acquiring an additional 1,461 shares during the last quarter. Sun Life Financial INC boosted its position 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 worth $155,000 after acquiring an additional 2,051 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of United Continental Holdings during the second quarter worth $181,000. Finally, Comprehensive Portfolio Management LLC bought a new position in shares of United Continental Holdings during the second quarter worth $204,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of United Continental Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. J P Morgan Chase & Co lowered shares of United Continental Holdings from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $68.00 to $60.00 in a research report on Wednesday, November 1st. Evercore ISI upgraded shares of United Continental Holdings from an “in-line” rating to an “outperform” rating and set a $68.00 target price for the company in a research report on Wednesday, October 25th. Atlantic Securities restated a “neutral” rating and set a $100.00 target price (up previously from $58.87) on shares of United Continental Holdings in a research report on Tuesday, October 24th. Finally, Wolfe Research lowered shares of United Continental Holdings from an “outperform” rating to a “hold” rating in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $77.63.

Shares of United Continental Holdings, Inc. (NYSE UAL) opened at $58.20 on Friday. The stock has a market cap of $17,380.00, a PE ratio of 8.00, a PEG ratio of 1.47 and a beta of 1.02. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. United Continental Holdings, Inc. has a twelve month low of $56.51 and a twelve month high of $83.04.

United Continental Holdings (NYSE:UAL) last released 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. The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.87 billion. United Continental Holdings had a net margin of 5.22% and a return on equity of 25.26%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business earned $3.11 EPS. research analysts expect that United Continental Holdings, Inc. will post 6.33 earnings per share for the current fiscal year.

In related news, Director Robert A. Milton purchased 1,000 shares of United Continental Holdings stock in a transaction that occurred on Tuesday, October 24th. The shares were bought at an average price of $58.60 per share, with a total value of $58,600.00. Following the purchase, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward Shapiro purchased 15,000 shares of United Continental Holdings stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the purchase, the director now directly owns 27,707 shares in the company, valued at $1,658,818.09. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

About United Continental Holdings

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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