Municipal Employees Retirement System of Michigan lowered its stake in shares of United Continental Holdings, Inc. (NYSE:UAL) by 6.3% during the second quarter, Holdings Channel reports. The firm owned 12,360 shares of the transportation company’s stock after selling 830 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in United Continental Holdings were worth $930,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. raised its position in shares of United Continental Holdings by 10.4% in the first quarter. NN Investment Partners Holdings N.V. now owns 184,918 shares of the transportation company’s stock valued at $13,063,000 after buying an additional 17,420 shares during the period. Independent Advisor Alliance raised its position in shares of United Continental Holdings by 29.1% in the first quarter. Independent Advisor Alliance now owns 4,256 shares of the transportation company’s stock valued at $298,000 after buying an additional 959 shares during the period. Renaissance Technologies LLC purchased a new position in shares of United Continental Holdings during the first quarter valued at $19,240,000. Stifel Financial Corp raised its position in shares of United Continental Holdings by 10.2% in the first quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock valued at $463,000 after buying an additional 606 shares during the period. Finally, Suntrust Banks Inc. raised its position in shares of United Continental Holdings by 4.0% in the first quarter. Suntrust Banks Inc. now owns 5,763 shares of the transportation company’s stock valued at $406,000 after buying an additional 220 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

United Continental Holdings, Inc. (NYSE UAL) opened at 65.87 on Friday. The stock’s 50 day moving average price is $73.10 and its 200-day moving average price is $73.66. The company has a market capitalization of $20.04 billion, a PE ratio of 9.10 and a beta of 1.03. United Continental Holdings, Inc. has a 52 week low of $46.56 and a 52 week high of $83.04.

United Continental Holdings (NYSE:UAL) last announced its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.44. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 EPS. On average, equities research analysts predict that United Continental Holdings, Inc. will post $7.81 earnings per share for the current fiscal year.

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Several equities research analysts have issued reports on the company. 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 report on Tuesday, May 2nd. BidaskClub downgraded United Continental Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. ValuEngine upgraded United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research report 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $85.16.

In other news, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $76.83, for a total transaction of $230,490.00. Following the sale, the executive vice president now directly 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 can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

United Continental Holdings Company 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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