Teacher Retirement System of Texas lowered its position in United Continental Holdings, Inc. (NYSE:UAL) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 776,830 shares of the transportation company’s stock after selling 12,983 shares during the period. Teacher Retirement System of Texas’ holdings in United Continental Holdings were worth $58,456,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of United Continental Holdings by 4,642.3% in the first quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock worth $1,559,382,000 after buying an additional 21,609,536 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of United Continental Holdings by 0.6% in the first quarter. Vanguard Group Inc. now owns 21,776,181 shares of the transportation company’s stock worth $1,538,270,000 after buying an additional 138,457 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of United Continental Holdings by 1.6% in the first quarter. AQR Capital Management LLC now owns 6,889,017 shares of the transportation company’s stock worth $486,640,000 after buying an additional 110,314 shares in the last quarter. Boston Partners raised its stake in shares of United Continental Holdings by 37.7% in the second quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after buying an additional 1,324,894 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of United Continental Holdings by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,250,245 shares of the transportation company’s stock worth $229,593,000 after buying an additional 73,832 shares in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of United Continental Holdings, Inc. (NYSE UAL) opened at 65.24 on Friday. The firm has a market capitalization of $19.85 billion, a P/E ratio of 9.01 and a beta of 1.03. 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 12 month low of $46.53 and a 12 month high of $83.04.

United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.61 earnings per share. Analysts predict that United Continental Holdings, Inc. will post $7.81 EPS for the current year.

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A number of equities research analysts have commented on UAL shares. Imperial Capital reissued an “in-line” rating and set a $75.00 price objective on shares of United Continental Holdings in a report on Friday, May 19th. UBS AG increased their price objective on shares of United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, July 12th. Cowen and Company reissued a “market perform” rating and set a $75.00 price objective on shares of United Continental Holdings in a report on Wednesday, April 19th. Sanford C. Bernstein reissued a “market perform” rating and set a $86.00 price objective on shares of United Continental Holdings in a report on Thursday, July 13th. Finally, Morgan Stanley increased their price objective on shares of United Continental Holdings from $79.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, July 20th. 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 assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $85.16.

In other news, EVP Gregory L. Hart sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the sale, the executive vice president now directly owns 28,369 shares in the company, valued at $2,179,590.27. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

United Continental Holdings Company Profile

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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