CI Global Investments Inc. purchased a new stake in shares of United Continental Holdings, Inc. (NYSE:UAL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 245,688 shares of the transportation company’s stock, valued at approximately $18,488,000. CI Global Investments Inc. owned 0.08% of United Continental Holdings at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in UAL. Macquarie Group Ltd. increased its position in shares of United Continental Holdings by 61.9% during the fourth quarter. Macquarie Group Ltd. now owns 3,400 shares of the transportation company’s stock valued at $248,000 after buying an additional 1,300 shares during the period. IFP Advisors Inc increased its position in shares of United Continental Holdings by 15.6% during the first quarter. IFP Advisors Inc now owns 2,687 shares of the transportation company’s stock valued at $190,000 after buying an additional 363 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of United Continental Holdings by 8.3% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,365 shares of the transportation company’s stock valued at $590,000 after buying an additional 638 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of United Continental Holdings by 8.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,546 shares of the transportation company’s stock valued at $1,098,000 after buying an additional 1,148 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of United Continental Holdings by 4.3% during the first quarter. Great West Life Assurance Co. Can now owns 90,488 shares of the transportation company’s stock valued at $6,386,000 after buying an additional 3,701 shares during the period. Institutional investors own 97.70% of the company’s stock.

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Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of United Continental Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Sanford C. Bernstein reiterated a “hold” rating on shares of United Continental Holdings in a research report on Monday, August 7th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $100.00 price target on shares of United Continental Holdings in a research report on Friday, July 14th. Cowen and Company boosted their price target on shares of United Continental Holdings from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, July 12th. Finally, UBS AG reiterated a “buy” rating and set a $103.00 price target (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. United Continental Holdings presently has an average rating of “Hold” and a consensus price target of $83.62.

In other news, EVP Gregory L. Hart sold 3,000 shares of United Continental Holdings stock in a transaction that occurred 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 transaction, the executive vice president now owns 28,369 shares of the company’s stock, valued at approximately $2,179,590.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by insiders.

United Continental Holdings, Inc. (UAL) traded down 0.34% during midday trading on Friday, hitting $58.38. 4,085,982 shares of the stock were exchanged. The company has a market cap of $17.76 billion, a PE ratio of 8.07 and a beta of 1.06. The firm’s 50 day moving average price is $65.43 and its 200 day moving average price is $72.28. United Continental Holdings, Inc. has a 12 month low of $49.28 and a 12 month high of $83.04.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the previous year, the firm earned $2.61 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that United Continental Holdings, Inc. will post $7.18 earnings per share for the current fiscal year.

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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