World Asset Management Inc Sells 3,540 Shares of United Continental Holdings, Inc. (NYSE:UAL)

World Asset Management Inc lowered its stake in United Continental Holdings, Inc. (NYSE:UAL) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,859 shares of the transportation company’s stock after selling 3,540 shares during the period. World Asset Management Inc’s holdings in United Continental Holdings were worth $1,871,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of UAL. Daiwa Securities Group Inc. raised its position in United Continental Holdings by 4.2% in the second quarter. Daiwa Securities Group Inc. now owns 12,450 shares of the transportation company’s stock valued at $937,000 after buying an additional 500 shares during the period. Bessemer Group Inc. raised its stake in shares of United Continental Holdings by 2.4% in the second quarter. Bessemer Group Inc. now owns 27,471 shares of the transportation company’s stock worth $2,067,000 after buying an additional 632 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of United Continental Holdings by 0.7% in the second quarter. CIBC Asset Management Inc now owns 31,008 shares of the transportation company’s stock worth $2,333,000 after buying an additional 204 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of United Continental Holdings by 4.2% in the second quarter. Great West Life Assurance Co. Can now owns 94,270 shares of the transportation company’s stock worth $7,089,000 after buying an additional 3,782 shares in the last quarter. Finally, Eagle Global Advisors LLC bought a new stake in shares of United Continental Holdings during the second quarter worth approximately $264,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

United Continental Holdings, Inc. (UAL) opened at 64.75 on Friday. The company has a market cap of $19.70 billion, a PE ratio of 8.95 and a beta of 1.03. United Continental Holdings, Inc. has a 1-year low of $46.53 and a 1-year high of $83.04. The company has a 50-day moving average price of $71.61 and a 200-day moving average price of $73.39. United Continental Holdings also was the target of some unusual options trading activity on Thursday. Traders purchased 1,399 call options on the stock. This is an increase of 115% compared to the average volume of 650 call options.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.44. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $2.61 earnings per share. On average, analysts expect that United Continental Holdings, Inc. will post $7.79 EPS for the current fiscal year.

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UAL has been the subject of a number of recent research reports. Vetr downgraded United Continental Holdings from a “sell” rating to a “strong sell” rating and set a $63.50 target price on the stock. in a research note on Tuesday, May 2nd. BidaskClub downgraded United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Buckingham Research restated a “buy” rating and set a $97.00 target price on shares of United Continental Holdings in a research report on Saturday, July 22nd. Finally, UBS AG increased their target price on United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $84.34.

In other news, EVP Gregory L. Hart sold 3,000 shares of the firm’s stock in a transaction dated 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 directly owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

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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