Balyasny Asset Management LLC decreased its position in United Continental Holdings, Inc. (NYSE:UAL) by 98.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,228 shares of the transportation company’s stock after selling 442,552 shares during the quarter. Balyasny Asset Management LLC’s holdings in United Continental Holdings were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Aureus Asset Management LLC acquired a new position in United Continental Holdings in the 2nd quarter valued at about $301,000. Stifel Financial Corp raised its stake in United Continental Holdings by 100.5% in the 2nd quarter. Stifel Financial Corp now owns 13,159 shares of the transportation company’s stock valued at $991,000 after purchasing an additional 6,597 shares during the last quarter. Brandywine Global Investment Management LLC raised its stake in United Continental Holdings by 2.1% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 344,989 shares of the transportation company’s stock valued at $25,961,000 after purchasing an additional 6,980 shares during the last quarter. Veritable L.P. raised its stake in United Continental Holdings by 13.9% in the 2nd quarter. Veritable L.P. now owns 9,295 shares of the transportation company’s stock valued at $699,000 after purchasing an additional 1,135 shares during the last quarter. Finally, Virtu KCG Holdings LLC raised its stake in United Continental Holdings by 873.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 56,505 shares of the transportation company’s stock valued at $4,252,000 after purchasing an additional 50,703 shares during the last quarter. 97.62% of the stock is owned by hedge funds and other institutional investors.

Shares of United Continental Holdings, Inc. (NYSE:UAL) opened at 67.51 on Wednesday. United Continental Holdings, Inc. has a 52-week low of $52.21 and a 52-week high of $83.04. The firm has a market cap of $20.54 billion, a P/E ratio of 9.33 and a beta of 1.05. The company’s 50-day moving average is $61.79 and its 200-day moving average is $70.63.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same period last year, the business earned $2.61 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that United Continental Holdings, Inc. will post $6.45 earnings per share for the current fiscal year.

In related news, Director Edward Shapiro acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $59.87 per share, with a total value of $898,050.00. Following the purchase, the director now owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on UAL. Cowen and Company reissued a “market perform” rating and issued a $70.00 target price (up previously from $63.00) on shares of United Continental Holdings in a research note on Thursday, October 12th. Bank of America Corporation reaffirmed a “buy” rating and set a $84.00 price objective (down previously from $85.00) on shares of United Continental Holdings in a research note on Tuesday, October 10th. Barclays PLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of United Continental Holdings in a research note on Monday, September 25th. Macquarie assumed coverage on shares of United Continental Holdings in a research note on Monday, September 25th. They set a “neutral” rating and a $64.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $110.00 price objective on shares of United Continental Holdings in a research note on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.61.

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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.

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

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