Wells Fargo & Company MN trimmed its stake in United Continental Holdings, Inc. (NYSE:UAL) by 35.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,160,124 shares of the transportation company’s stock after selling 640,632 shares during the quarter. Wells Fargo & Company MN owned approximately 0.38% of United Continental Holdings worth $87,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UAL. BlackRock Inc. grew its holdings in shares of United Continental Holdings by 4,642.3% in the 1st quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock worth $1,559,382,000 after acquiring an additional 21,609,536 shares during the last quarter. Boston Partners grew its holdings in shares of United Continental Holdings by 37.7% in the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after acquiring an additional 1,324,894 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of United Continental Holdings by 133.0% in the 2nd quarter. Acadian Asset Management LLC now owns 972,736 shares of the transportation company’s stock worth $73,200,000 after acquiring an additional 555,304 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of United Continental Holdings by 383.9% in the 2nd quarter. Bank of Montreal Can now owns 578,146 shares of the transportation company’s stock worth $43,505,000 after acquiring an additional 458,666 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of United Continental Holdings by 23.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,982,338 shares of the transportation company’s stock worth $140,032,000 after acquiring an additional 376,942 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

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Shares of United Continental Holdings, Inc. (NYSE:UAL) opened at 61.24 on Wednesday. United Continental Holdings, Inc. has a 12 month low of $49.28 and a 12 month high of $83.04. The firm has a 50 day moving average price of $65.12 and a 200-day moving average price of $72.13. The firm has a market cap of $18.63 billion, a PE ratio of 8.46 and a beta of 1.06.

United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. United Continental Holdings’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 EPS. On average, analysts predict that United Continental Holdings, Inc. will post $7.18 EPS for the current fiscal year.

In other news, EVP Gregory L. Hart sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $76.83, for a total value of $230,490.00. Following the completion of the transaction, the executive vice president now owns 28,369 shares in the company, valued at approximately $2,179,590.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

A number of brokerages recently issued reports on UAL. Bank of America Corporation decreased their target price on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, June 30th. 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 report on Friday, June 9th. Citigroup Inc. reiterated a “neutral” rating and set a $68.00 price target (down previously from $85.00) on shares of United Continental Holdings in a report on Thursday, September 7th. Morgan Stanley reiterated an “equal weight” rating and set a $85.00 price target (up previously from $80.00) on shares of United Continental Holdings in a report on Thursday, July 13th. Finally, Zacks Investment Research downgraded United Continental Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $83.62.

United Continental Holdings 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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