Victory Capital Management Inc. increased its position in United Continental Holdings Inc (NYSE:UAL) by 73.8% in the third quarter, Holdings Channel reports. The institutional investor owned 58,765 shares of the transportation company’s stock after acquiring an additional 24,947 shares during the period. Victory Capital Management Inc.’s holdings in United Continental were worth $5,233,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its stake in United Continental by 31.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 237,210 shares of the transportation company’s stock worth $21,126,000 after buying an additional 57,203 shares during the period. Oregon Public Employees Retirement Fund grew its stake in United Continental by 0.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 110,860 shares of the transportation company’s stock worth $9,873,000 after buying an additional 851 shares during the period. Greenleaf Trust purchased a new stake in United Continental during the third quarter worth approximately $277,000. Checchi Capital Advisers LLC purchased a new stake in United Continental during the third quarter worth approximately $234,000. Finally, NN Investment Partners Holdings N.V. purchased a new stake in United Continental during the third quarter worth approximately $445,000. 95.21% of the stock is owned by institutional investors and hedge funds.

Shares of UAL stock opened at $92.09 on Tuesday. United Continental Holdings Inc has a twelve month low of $57.82 and a twelve month high of $93.60.

United Continental (NYSE:UAL) last announced its earnings results on Tuesday, October 16th. The transportation company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.01). The firm had revenue of $11 billion for the quarter, compared to analyst estimates of $10.95 billion. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.22 EPS.

UAL has been the subject of several research reports. Buckingham Research set a $108.00 price objective on shares of United Continental and gave the stock a “buy” rating in a research note on Friday, September 7th. Macquarie downgraded shares of United Continental from an “outperform” rating to a “neutral” rating and set a $95.00 price objective for the company. in a research note on Tuesday, September 18th. They noted that the move was a valuation call. Morgan Stanley set a $92.00 price objective on shares of United Continental and gave the stock a “hold” rating in a research note on Tuesday, September 18th. Imperial Capital boosted their price objective on shares of United Continental from $85.00 to $96.00 and gave the stock an “in-line” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Monday, October 1st. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $103.27.

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About United Continental

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

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

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