Cubic Asset Management LLC Continues to Hold Stake in United Continental Holdings, Inc. (NYSE:UAL)

Cubic Asset Management LLC continued to hold its position in United Continental Holdings, Inc. (NYSE:UAL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,000 shares of the transportation company’s stock at the end of the second quarter. Cubic Asset Management LLC’s holdings in United Continental Holdings were worth $301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MCF Advisors LLC boosted its position in United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after buying an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in United Continental Holdings during the first quarter worth about $122,000. FNY Partners Fund LP boosted its position in United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock worth $141,000 after buying an additional 1,908 shares in the last quarter. TrimTabs Asset Management LLC boosted its position in United Continental Holdings by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,074 shares of the transportation company’s stock worth $147,000 after buying an additional 976 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in United Continental Holdings by 15.6% in the first quarter. IFP Advisors Inc now owns 2,687 shares of the transportation company’s stock worth $190,000 after buying an additional 363 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

United Continental Holdings, Inc. (NYSE UAL) opened at 64.75 on Friday. The firm has a market capitalization of $19.70 billion, a price-to-earnings ratio of 8.95 and a beta of 1.03. The company has a 50 day moving average price of $71.61 and a 200 day moving average price of $73.39. United Continental Holdings, Inc. has a 12 month low of $46.53 and a 12 month high of $83.04. United Continental Holdings also was the target of unusually large options trading on Thursday. Stock investors acquired 1,399 call options on the company. This represents an increase of 115% compared to the average daily volume of 650 call options.

United Continental Holdings (NYSE:UAL) last issued its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.44. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.61 earnings per share. Analysts anticipate that United Continental Holdings, Inc. will post $7.79 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on the company. BidaskClub raised United Continental Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of United Continental Holdings in a report on Monday, August 7th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $100.00 price target on shares of United Continental Holdings in a report on Friday, July 14th. Vetr cut United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 price objective for the company. in a report on Tuesday, May 2nd. Finally, Cowen and Company boosted their price objective on United Continental Holdings from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $84.34.

In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of United Continental Holdings stock in a transaction that occurred 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 directly owns 28,369 shares in the company, valued at $2,179,590.27. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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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