Pictet Asset Management Ltd. lowered its position in United Continental Holdings, Inc. (NYSE:UAL) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,159 shares of the transportation company’s stock after selling 4,000 shares during the period. Pictet Asset Management Ltd.’s holdings in United Continental Holdings were worth $6,068,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in 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 worth $217,000 after buying an additional 9 shares during the period. 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 worth $115,000 after buying an additional 13 shares during the period. 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 worth $2,205,000 after buying an additional 94 shares during the period. 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 worth $305,000 after buying an additional 180 shares during the period. Finally, Advisor Partners LLC increased its stake in shares of United Continental Holdings by 4.4% in the first quarter. Advisor Partners LLC now owns 4,802 shares of the transportation company’s stock worth $339,000 after buying an additional 202 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

United Continental Holdings, Inc. (UAL) opened at 64.70 on Friday. The stock has a 50 day moving average of $71.92 and a 200 day moving average of $73.44. The stock has a market capitalization of $19.68 billion, a P/E ratio of 8.94 and a beta of 1.03. United Continental Holdings, Inc. has a 1-year low of $46.53 and a 1-year high of $83.04. United Continental Holdings also was the target of unusually large options trading activity on Thursday. Stock traders bought 1,399 call options on the stock. This represents an increase of 115% compared to the typical daily volume of 650 call options.

United Continental Holdings (NYSE:UAL) last released its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, topping the 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 in the previous year, the firm earned $2.61 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts expect that United Continental Holdings, Inc. will post $7.81 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “United Continental Holdings, Inc. (UAL) Stake Reduced by Pictet Asset Management Ltd.” was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/08/18/united-continental-holdings-inc-ual-stake-reduced-by-pictet-asset-management-ltd.html.

A number of analysts recently issued reports on the stock. Bank of America Corporation reissued a “buy” rating and set a $105.00 price target on shares of United Continental Holdings in a report on Wednesday, July 12th. UBS AG reissued a “buy” rating and set a $103.00 price target (up from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Morgan Stanley lowered their price target on shares of United Continental Holdings from $79.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday. Imperial Capital reissued an “in-line” rating and set a $75.00 price target on shares of United Continental Holdings in a report on Friday, May 19th. Finally, Atlantic Securities assumed coverage on shares of United Continental Holdings in a report on Tuesday, June 20th. They set an “overweight” rating and a $100.00 price target on the stock. 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. The company currently has an average rating of “Hold” and a consensus target price of $84.34.

In related news, EVP Gregory L. Hart sold 3,000 shares of the business’s stock in a transaction dated 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 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 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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Continental Holdings, Inc. (NYSE:UAL).

Institutional Ownership by Quarter for United Continental Holdings (NYSE:UAL)

Receive News & Ratings for United Continental Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.