Today: Premier Asset Managment LLC lowers its Position in United Continental Holdings Inc. (UAL)

Today: Premier Asset Managment LLC lowers its Position in United Continental Holdings Inc. (UAL)

Premier Asset Managment LLC reduced its stake in shares of United Continental Holdings Inc. (NYSE:UAL) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 219,990 shares of the company’s stock after selling 3,525 shares during the period. United Continental Holdings accounts for approximately 2.9% of Premier Asset Managment LLC’s holdings, making the stock its 15th largest position. Premier Asset Managment LLC’s holdings in United Continental Holdings were worth $11,542,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock worth $105,000 after buying an additional 418 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of United Continental Holdings during the second quarter worth $107,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of United Continental Holdings by 92.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,546 shares of the company’s stock worth $145,000 after buying an additional 1,700 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of United Continental Holdings by 302.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,182 shares of the company’s stock worth $172,000 after buying an additional 3,144 shares in the last quarter. Finally, Advisor Group Inc. acquired a new stake in shares of United Continental Holdings during the second quarter worth $176,000. Hedge funds and other institutional investors own 91.96% of the company’s stock.

United Continental Holdings Inc. (NYSE:UAL) traded down 1.20% during midday trading on Monday, hitting $69.25. 4,620,217 shares of the company’s stock traded hands. The company has a market capitalization of $21.97 billion, a PE ratio of 8.84 and a beta of 0.63. United Continental Holdings Inc. has a 52 week low of $37.41 and a 52 week high of $70.18. The company has a 50 day moving average of $58.76 and a 200-day moving average of $49.84.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Monday, October 17th. The company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.23. The business earned $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. United Continental Holdings had a net margin of 7.36% and a return on equity of 39.10%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.53 earnings per share. Equities research analysts predict that United Continental Holdings Inc. will post $7.98 earnings per share for the current year.

A number of brokerages recently weighed in on UAL. Imperial Capital began coverage on shares of United Continental Holdings in a research note on Tuesday, August 23rd. They set an “outperform” rating and a $57.00 price target for the company. Cowen and Company increased their price target on shares of United Continental Holdings from $60.00 to $71.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 16th. Credit Suisse Group AG reiterated a “positive” rating and set a $47.00 price target on shares of United Continental Holdings in a research note on Tuesday, August 30th. Sanford C. Bernstein began coverage on shares of United Continental Holdings in a research note on Monday, October 10th. They set a “market perform” rating and a $55.00 price target for the company. Finally, Vetr upgraded shares of United Continental Holdings from a “hold” rating to a “buy” rating and set a $49.50 price target for the company in a research note on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. United Continental Holdings presently has a consensus rating of “Buy” and a consensus target price of $64.44.

In related news, CFO Andrew C. Levy acquired 15,000 shares of United Continental Holdings stock in a transaction that occurred on Friday, September 2nd. The stock was acquired at an average price of $50.96 per share, with a total value of $764,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,791 shares of the company’s stock, valued at approximately $1,059,509.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Chris Kenny sold 3,824 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $67.39, for a total transaction of $257,699.36. Following the completion of the sale, the vice president now directly owns 10,179 shares of the company’s stock, valued at approximately $685,962.81. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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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