Cullen Frost Bankers Inc. lowered its stake in United Continental Holdings Inc. (NYSE:UAL) by 27.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,977 shares of the company’s stock after selling 132,500 shares during the period. Cullen Frost Bankers Inc.’s holdings in United Continental Holdings were worth $14,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Conning Inc. raised its position in United Continental Holdings by 2.0% in the second quarter. Conning Inc. now owns 7,610 shares of the company’s stock valued at $312,000 after buying an additional 150 shares during the period. PGGM Investments acquired a new position in United Continental Holdings during the second quarter valued at $2,752,000. Deltec Asset Management LLC acquired a new position in United Continental Holdings during the second quarter valued at $1,355,000. Strs Ohio raised its position in United Continental Holdings by 8,368.8% in the second quarter. Strs Ohio now owns 569,526 shares of the company’s stock valued at $23,373,000 after buying an additional 562,801 shares during the period. Finally, Pitcairn Co. acquired a new position in United Continental Holdings during the second quarter valued at $333,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Shares of United Continental Holdings Inc. (NYSE:UAL) traded up 1.61% during trading on Thursday, hitting $51.04. The stock had a trading volume of 5,482,165 shares. The stock has a 50 day moving average of $49.27 and a 200 day moving average of $48.99. United Continental Holdings Inc. has a 52-week low of $37.41 and a 52-week high of $61.87. The firm has a market cap of $16.46 billion, a PE ratio of 2.79 and a beta of 0.45.

United Continental Holdings (NYSE:UAL) last posted its earnings results on Tuesday, July 19th. The company reported $2.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.17. The company earned $9.40 billion during the quarter, compared to analyst estimates of $9.36 billion. United Continental Holdings had a net margin of 17.71% and a return on equity of 47.48%. During the same period in the prior year, the business posted $3.31 earnings per share. On average, equities analysts anticipate that United Continental Holdings Inc. will post $7.99 EPS for the current year.

Several research firms have recently weighed in on UAL. Deutsche Bank AG raised United Continental Holdings from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Tuesday, July 12th. Zacks Investment Research lowered United Continental Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 16th. Morgan Stanley reissued an “overweight” rating on shares of United Continental Holdings in a research report on Wednesday, June 15th. Cowen and Company reissued an “outperform” rating on shares of United Continental Holdings in a research report on Thursday, August 11th. Finally, Imperial Capital began coverage on United Continental Holdings in a research report on Tuesday, August 23rd. They issued an “outperform” rating and a $57.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $63.18.

In other news, CFO Andrew C. Levy bought 15,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was bought at an average cost of $50.96 per share, for a total transaction of $764,400.00. Following the completion of the acquisition, the chief financial officer now owns 20,791 shares in the company, valued at approximately $1,059,509.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.39% 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 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.

5 Day Chart for NYSE:UAL

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