United Continental Holdings Inc (UAL) Shares Sold by Arizona State Retirement System

Arizona State Retirement System reduced its position in United Continental Holdings Inc (NYSE:UAL) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,756 shares of the transportation company’s stock after selling 1,132 shares during the period. Arizona State Retirement System’s holdings in United Continental were worth $5,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UAL. LPL Financial LLC increased its position in United Continental by 23.0% during the first quarter. LPL Financial LLC now owns 17,997 shares of the transportation company’s stock worth $1,250,000 after buying an additional 3,361 shares in the last quarter. Millennium Management LLC increased its position in United Continental by 15.2% during the first quarter. Millennium Management LLC now owns 147,469 shares of the transportation company’s stock worth $10,245,000 after buying an additional 19,480 shares in the last quarter. State of Alaska Department of Revenue increased its position in United Continental by 2.5% during the second quarter. State of Alaska Department of Revenue now owns 36,030 shares of the transportation company’s stock worth $2,511,000 after buying an additional 879 shares in the last quarter. Denali Advisors LLC increased its position in United Continental by 261.9% during the second quarter. Denali Advisors LLC now owns 167,200 shares of the transportation company’s stock worth $11,659,000 after buying an additional 121,000 shares in the last quarter. Finally, Addison Capital Co purchased a new position in United Continental during the second quarter worth $619,000. 95.21% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. downgraded United Continental from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $98.00 to $95.00 in a research report on Tuesday, October 30th. Zacks Investment Research raised United Continental from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Monday, October 22nd. Morgan Stanley raised their price target on United Continental from $92.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 18th. Stephens raised United Continental from an “equal weight” rating to an “overweight” rating and set a $112.00 price target for the company in a research report on Thursday, October 18th. Finally, Macquarie raised United Continental from a “neutral” rating to an “outperform” rating and set a $102.00 price target for the company in a research report on Thursday, October 18th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $100.38.

Shares of NYSE:UAL opened at $89.64 on Wednesday. United Continental Holdings Inc has a 52 week low of $56.51 and a 52 week high of $91.39.

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

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United Continental Company Profile

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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