Deltec Asset Management LLC bought a new position in United Continental Holdings Inc. (NYSE:UAL) during the second quarter, Holdings Channel reports. The firm bought 33,005 shares of the company’s stock, valued at approximately $1,355,000.

Other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc raised its stake in United Continental Holdings by 3.4% in the first quarter. Legal & General Group Plc now owns 430,225 shares of the company’s stock worth $25,757,000 after buying an additional 14,102 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of United Continental Holdings by 2.5% in the first quarter. Pictet Asset Management Ltd. now owns 97,659 shares of the company’s stock valued at $5,592,000 after buying an additional 2,400 shares during the last quarter. Creative Planning boosted its position in shares of United Continental Holdings by 64.7% in the second quarter. Creative Planning now owns 102,144 shares of the company’s stock valued at $4,192,000 after buying an additional 40,143 shares during the last quarter. Aviva PLC boosted its position in shares of United Continental Holdings by 0.9% in the first quarter. Aviva PLC now owns 48,530 shares of the company’s stock valued at $2,905,000 after buying an additional 411 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of United Continental Holdings by 142.1% in the first quarter. Squarepoint Ops LLC now owns 83,819 shares of the company’s stock valued at $5,018,000 after buying an additional 49,204 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Shares of United Continental Holdings Inc. (NYSE:UAL) traded down 0.16% during trading on Wednesday, reaching $50.23. 4,563,131 shares of the company’s stock traded hands. The stock has a market capitalization of $16.19 billion, a PE ratio of 2.74 and a beta of 0.45. The company has a 50 day moving average price of $49.27 and a 200 day moving average price of $48.99. United Continental Holdings Inc. has a 1-year low of $37.41 and a 1-year high of $61.87.

United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $2.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.17. The business earned $9.40 billion during the quarter, compared to analyst estimates of $9.36 billion. United Continental Holdings had a return on equity of 47.48% and a net margin of 17.71%. During the same quarter in the prior year, the firm posted $3.31 earnings per share. On average, equities analysts forecast that United Continental Holdings Inc. will post $7.98 EPS for the current fiscal year.

A number of research firms have commented on UAL. Vetr raised shares of United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $56.33 target price on the stock in a research report on Monday, August 29th. Credit Suisse Group AG set a $47.00 target price on shares of United Continental Holdings and gave the company a “hold” rating in a research report on Tuesday, September 13th. Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 target price on shares of United Continental Holdings in a research report on Wednesday, August 31st. Standpoint Research began coverage on shares of United Continental Holdings in a research report on Thursday, August 25th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Bank of America Corp. reaffirmed a “hold” rating and issued a $52.00 target price on shares of United Continental Holdings in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $63.18.

In other news, CFO Andrew C. Levy acquired 15,000 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was acquired at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,791 shares in the company, valued at approximately $1,059,509.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.39% of the stock is owned by insiders.

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 an average of approximately 5,000 flights a day to over 340 airports across six continents 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.

5 Day Chart for NYSE:UAL

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