Pitcairn Co. lowered its stake in United Continental Holdings, Inc. (NYSE:UAL) by 16.6% during the second quarter, Holdings Channel reports. The institutional investor owned 32,691 shares of the transportation company’s stock after selling 6,512 shares during the period. Pitcairn Co.’s holdings in United Continental Holdings were worth $2,460,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of UAL. Telemus Capital LLC increased its stake in shares of United Continental Holdings by 0.3% in the second quarter. Telemus Capital LLC now owns 2,890 shares of the transportation company’s stock valued at $217,000 after buying an additional 9 shares in the last quarter. MCF Advisors LLC increased its stake 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 valued at $115,000 after buying an additional 13 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in shares of United Continental Holdings by 1.5% in the second quarter. Wetherby Asset Management Inc. now owns 3,271 shares of the transportation company’s stock valued at $246,000 after buying an additional 47 shares in the last quarter. Tillar Wenstrup Advisors LLC increased its stake in shares of United Continental Holdings by 0.3% in the second quarter. Tillar Wenstrup Advisors LLC now owns 29,298 shares of the transportation company’s stock valued at $2,205,000 after buying an additional 94 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of United Continental Holdings by 4.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,311 shares of the transportation company’s stock valued at $305,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

United Continental Holdings, Inc. (NYSE:UAL) opened at 65.87 on Friday. 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 cap of $20.04 billion, a P/E ratio of 9.10 and a beta of 1.03. The firm’s 50-day moving average is $73.10 and its 200-day moving average is $73.66.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $9.95 billion. During the same period in the previous year, the business earned $2.61 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that United Continental Holdings, Inc. will post $7.81 earnings per share for the current fiscal year.

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UAL has been the subject of several research reports. Cowen and Company reiterated a “market perform” rating and issued a $75.00 price target on shares of United Continental Holdings in a research report on Wednesday, April 19th. UBS AG reiterated a “buy” rating and issued a $103.00 price target (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Bank of America Corporation reduced their price target on shares of United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $85.00 price target (up previously from $80.00) on shares of United Continental Holdings in a research report on Thursday, July 13th. Finally, BidaskClub downgraded shares of United Continental Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $85.16.

In related news, EVP Gregory L. Hart sold 3,000 shares of United Continental Holdings stock in a transaction dated Thursday, June 15th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is owned by insiders.

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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