Stratos Wealth Partners LTD. purchased a new stake in shares of United Continental Holdings, Inc. (NYSE:UAL) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,859 shares of the transportation company’s stock, valued at approximately $215,000.

Several other hedge funds also recently bought and sold shares of the stock. Sei Investments Co. increased its stake in United Continental Holdings by 16.6% in the second quarter. Sei Investments Co. now owns 337,791 shares of the transportation company’s stock valued at $25,419,000 after buying an additional 48,005 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in United Continental Holdings by 4.2% in the second quarter. Daiwa Securities Group Inc. now owns 12,450 shares of the transportation company’s stock valued at $937,000 after buying an additional 500 shares in the last quarter. Bessemer Group Inc. increased its stake in United Continental Holdings by 2.4% in the second quarter. Bessemer Group Inc. now owns 27,471 shares of the transportation company’s stock valued at $2,067,000 after buying an additional 632 shares in the last quarter. CIBC Asset Management Inc increased its stake in United Continental Holdings by 0.7% in the second quarter. CIBC Asset Management Inc now owns 31,008 shares of the transportation company’s stock valued at $2,333,000 after buying an additional 204 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in 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. 98.51% of the stock is owned by hedge funds and other institutional investors.

United Continental Holdings, Inc. (NYSE:UAL) opened at 65.87 on Friday. The firm has a 50-day moving average of $73.10 and a 200 day moving average of $73.66. United Continental Holdings, Inc. has a 12-month low of $46.56 and a 12-month high of $83.04. The stock has a market capitalization of $20.04 billion, a price-to-earnings ratio of 9.10 and a beta of 1.03.

United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period last year, the business earned $2.61 EPS. The company’s revenue was up 6.4% on a year-over-year basis. On average, analysts predict that United Continental Holdings, Inc. will post $7.81 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on UAL. Sanford C. Bernstein reaffirmed a “hold” rating on shares of United Continental Holdings in a research note on Monday, August 7th. ValuEngine raised shares of United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research reaffirmed a “buy” rating and set a $97.00 price target on shares of United Continental Holdings in a research note on Saturday, July 22nd. Finally, Morgan Stanley lifted their price target on shares of 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 research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. United Continental Holdings presently has a consensus rating of “Hold” and a consensus target price of $85.16.

In other news, EVP Gregory L. Hart sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $76.83, for a total value of $230,490.00. Following the sale, the executive vice president now directly owns 28,369 shares in the company, valued at approximately $2,179,590.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by company 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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