CIBC Asset Management Inc boosted its stake in United Continental Holdings, Inc. (NYSE:UAL) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 31,008 shares of the transportation company’s stock after buying an additional 204 shares during the period. CIBC Asset Management Inc’s holdings in United Continental Holdings were worth $2,333,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. Great West Life Assurance Co. Can raised its stake in shares of United Continental Holdings by 4.2% in the second quarter. Great West Life Assurance Co. Can now owns 94,270 shares of the transportation company’s stock valued at $7,089,000 after buying an additional 3,782 shares in the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of United Continental Holdings during the second quarter valued at about $264,000. Janney Montgomery Scott LLC raised its stake in shares of United Continental Holdings by 15.4% in the second quarter. Janney Montgomery Scott LLC now owns 17,117 shares of the transportation company’s stock valued at $1,288,000 after buying an additional 2,281 shares in the last quarter. IBM Retirement Fund raised its stake in shares of United Continental Holdings by 94.7% in the second quarter. IBM Retirement Fund now owns 6,886 shares of the transportation company’s stock valued at $579,000 after buying an additional 3,350 shares in the last quarter. Finally, Bowling Portfolio Management LLC raised its stake in shares of United Continental Holdings by 46.6% in the second quarter. Bowling Portfolio Management LLC now owns 54,819 shares of the transportation company’s stock valued at $4,125,000 after buying an additional 17,415 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

United Continental Holdings, Inc. (NYSE:UAL) opened at 68.39 on Tuesday. United Continental Holdings, Inc. has a one year low of $46.24 and a one year high of $83.04. The company’s 50 day moving average price is $75.42 and its 200-day moving average price is $74.04. The company has a market cap of $20.81 billion, a P/E ratio of 9.45 and a beta of 1.03.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the previous year, the business earned $2.61 EPS. United Continental Holdings’s revenue was up 6.4% compared to the same quarter last year. On average, analysts forecast that United Continental Holdings, Inc. will post $7.83 EPS for the current fiscal year.

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A number of research firms have recently weighed in on UAL. Sanford C. Bernstein reissued a “hold” rating on shares of United Continental Holdings in a research note on Monday. ValuEngine raised United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research reissued a “buy” rating and set a $97.00 price objective on shares of United Continental Holdings in a research note on Saturday, July 22nd. Finally, Morgan Stanley increased their price objective on United Continental Holdings from $79.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. United Continental Holdings presently has an average rating of “Hold” and a consensus price target of $85.16.

In related news, EVP Gregory L. Hart sold 3,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the completion of the transaction, the executive vice president now owns 28,369 shares in the company, valued at approximately $2,179,590.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by 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 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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