Sumitomo Mitsui Asset Management Company LTD lowered its position in shares of United Continental Holdings Inc (NYSE:UAL) by 12.8% during the second quarter, Holdings Channel reports. The firm owned 7,295 shares of the transportation company’s stock after selling 1,070 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in United Continental Holdings were worth $548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UAL. NN Investment Partners Holdings N.V. increased its position in shares of United Continental Holdings by 10.4% in the first quarter. NN Investment Partners Holdings N.V. now owns 184,918 shares of the transportation company’s stock worth $13,063,000 after buying an additional 17,420 shares during the period. Independent Advisor Alliance increased its position in shares of United Continental Holdings by 29.1% in the first quarter. Independent Advisor Alliance now owns 4,256 shares of the transportation company’s stock worth $298,000 after buying an additional 959 shares during the period. Renaissance Technologies LLC bought a new position in shares of United Continental Holdings during the first quarter worth $19,240,000. Stifel Financial Corp increased its position in shares of United Continental Holdings by 10.2% in the first quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock worth $463,000 after buying an additional 606 shares during the period. Finally, Suntrust Banks Inc. increased its position in shares of United Continental Holdings by 4.0% in the first quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock worth $406,000 after buying an additional 220 shares during the period. Institutional investors own 98.51% of the company’s stock.

Shares of United Continental Holdings Inc (UAL) opened at 67.06 on Thursday. The stock has a 50 day moving average of $73.78 and a 200-day moving average of $73.77. United Continental Holdings Inc has a 52 week low of $46.53 and a 52 week high of $83.04. The stock has a market capitalization of $20.40 billion, a PE ratio of 9.27 and a beta of 1.03.

United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a net margin of 8.18% and a return on equity of 37.92%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the prior year, the firm earned $2.61 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that United Continental Holdings Inc will post $7.83 EPS for the current year.

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UAL has been the topic of a number of research analyst reports. Vetr downgraded shares of United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 price objective on the stock. in a research report on Tuesday, May 2nd. BidaskClub downgraded shares of United Continental Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. ValuEngine upgraded shares of United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Buckingham Research restated a “buy” rating and set a $97.00 price objective on shares of United Continental Holdings in a research report on Saturday, July 22nd. Finally, UBS AG increased their price target on shares of United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, July 12th. Two investment analysts have 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 company. United Continental Holdings currently has an average rating of “Hold” and a consensus target price of $85.16.

In other news, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is 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 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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