Janney Montgomery Scott LLC increased its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 15.4% during the second quarter, Holdings Channel reports. The fund owned 17,117 shares of the transportation company’s stock after buying an additional 2,281 shares during the period. Janney Montgomery Scott LLC’s holdings in United Continental Holdings were worth $1,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IBM Retirement Fund increased its position 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 worth $579,000 after buying an additional 3,350 shares during the last quarter. Bowling Portfolio Management LLC increased its position 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 worth $4,125,000 after buying an additional 17,415 shares during the last quarter. MCF Advisors LLC increased its position in shares of 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 during the last quarter. Paragon Capital Management Ltd increased its position in shares of United Continental Holdings by 1,071.2% in the second quarter. Paragon Capital Management Ltd now owns 21,901 shares of the transportation company’s stock worth $1,648,000 after buying an additional 20,031 shares during the last quarter. Finally, Boston Advisors LLC increased its position in shares of United Continental Holdings by 3.3% in the second quarter. Boston Advisors LLC now owns 11,684 shares of the transportation company’s stock worth $879,000 after buying an additional 375 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

United Continental Holdings, Inc. (NYSE UAL) opened at 65.24 on Friday. The company has a 50-day moving average of $73.43 and a 200-day moving average of $73.71. United Continental Holdings, Inc. has a 52 week low of $46.53 and a 52 week high of $83.04. The company has a market cap of $19.85 billion, a PE ratio of 9.01 and a beta of 1.03.

United Continental Holdings (NYSE:UAL) last posted its earnings results 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. 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 for the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the previous year, the firm earned $2.61 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts expect that United Continental Holdings, Inc. will post $7.81 EPS for the current year.

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

In other United Continental Holdings news, EVP Gregory L. Hart sold 3,000 shares of United Continental Holdings stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $76.83, for a total value of $230,490.00. Following the transaction, the executive vice president now owns 28,369 shares in the company, valued at $2,179,590.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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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