Metropolitan Life Insurance Co. NY reduced its stake in United Continental Holdings, Inc. (NYSE:UAL) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,891 shares of the transportation company’s stock after selling 3,238 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in United Continental Holdings were worth $10,023,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC increased 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 valued at $486,640,000 after buying an additional 110,314 shares during the period. Soros Fund Management LLC purchased a new stake in shares of United Continental Holdings during the first quarter valued at approximately $3,539,000. Cypress Capital Group purchased a new stake in shares of United Continental Holdings during the first quarter valued at approximately $377,000. Two Sigma Securities LLC purchased a new stake in shares of United Continental Holdings during the first quarter valued at approximately $384,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of United Continental Holdings during the first quarter valued at approximately $122,000. Institutional investors own 97.29% of the company’s stock.

Shares of United Continental Holdings, Inc. (NYSE:UAL) traded up 1.21% during mid-day trading on Monday, hitting $77.72. 675,369 shares of the stock were exchanged. The stock’s 50 day moving average is $78.27 and its 200-day moving average is $73.70. United Continental Holdings, Inc. has a 12 month low of $37.41 and a 12 month high of $83.04. The stock has a market cap of $24.07 billion, a PE ratio of 12.16 and a beta of 0.98.

United Continental Holdings (NYSE:UAL) last issued its earnings results on Monday, April 17th. The transportation company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. The firm had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.38 billion. United Continental Holdings had a return on equity of 30.61% and a net margin of 5.56%. United Continental Holdings’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 earnings per share. On average, analysts anticipate that United Continental Holdings, Inc. will post $7.31 EPS for the current year.

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Several analysts recently commented on UAL shares. Vetr downgraded shares of United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 price objective on the stock. in a research report on Tuesday, May 2nd. ValuEngine raised shares of United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Sanford C. Bernstein reissued a “market perform” rating and set a $59.00 price objective on shares of United Continental Holdings in a research report on Friday, March 3rd. Zacks Investment Research downgraded shares of United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. Finally, Citigroup Inc. increased their price objective on shares of United Continental Holdings from $75.00 to $77.00 and gave the company a “neutral” rating in a research report on Monday, March 27th. One analyst has 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’s stock. The company has a consensus rating of “Buy” and a consensus target price of $71.89.

In other news, Director Edward Shapiro bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The shares were purchased at an average price of $69.35 per share, for a total transaction of $693,500.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $693,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael P. Bonds sold 9,971 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $78.86, for a total value of $786,313.06. Following the completion of the sale, the executive vice president now owns 8,716 shares in the company, valued at approximately $687,343.76. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate 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.

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

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