Welch Capital Partners LLC NY Increases Position in United Continental Holdings, Inc. (UAL)

Welch Capital Partners LLC NY increased its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 72,510 shares of the transportation company’s stock after buying an additional 200 shares during the period. United Continental Holdings makes up 1.8% of Welch Capital Partners LLC NY’s holdings, making the stock its 29th largest position. Welch Capital Partners LLC NY’s holdings in United Continental Holdings were worth $5,456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Darrell & King LLC bought a new position in shares of United Continental Holdings during the second quarter worth $26,578,000. Legal & General Group Plc raised its position in shares of United Continental Holdings by 4.2% in the second quarter. Legal & General Group Plc now owns 495,718 shares of the transportation company’s stock worth $37,304,000 after buying an additional 20,206 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of United Continental Holdings by 89.4% in the second quarter. State of Wisconsin Investment Board now owns 197,537 shares of the transportation company’s stock worth $14,865,000 after buying an additional 93,260 shares in the last quarter. Dupont Capital Management Corp raised its position in shares of United Continental Holdings by 1.8% in the second quarter. Dupont Capital Management Corp now owns 22,707 shares of the transportation company’s stock worth $1,709,000 after buying an additional 405 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of United Continental Holdings by 20.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,130 shares of the transportation company’s stock worth $2,945,000 after buying an additional 6,578 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Continental Holdings, Inc. (UAL) opened at 64.70 on Friday. The firm has a market cap of $19.68 billion, a P/E ratio of 8.94 and a beta of 1.03. United Continental Holdings, Inc. has a one year low of $46.53 and a one year high of $83.04. The stock’s 50 day moving average is $71.92 and its 200-day moving average is $73.44. United Continental Holdings also was the target of some unusual options trading activity on Thursday. Investors purchased 1,399 call options on the stock. This is an increase of approximately 115% compared to the average volume of 650 call options.

United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.44. The business had revenue of $10 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 earnings per share. Analysts anticipate that United Continental Holdings, Inc. will post $7.81 EPS for the current fiscal year.

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A number of brokerages recently weighed in on UAL. Morgan Stanley decreased their price target on shares of United Continental Holdings from $79.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday. Sanford C. Bernstein reaffirmed a “hold” rating on shares of United Continental Holdings in a research note on Monday, August 7th. ValuEngine raised shares of United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. BidaskClub lowered shares of United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $97.00 price target on shares of United Continental Holdings in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.34.

In related news, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $76.83, for a total transaction of $230,490.00. Following the transaction, the executive vice president now owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.

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

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