State of New Jersey Common Pension Fund D reduced its position in United Continental Holdings, Inc. (NYSE:UAL) by 38.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 52,500 shares of the transportation company’s stock after selling 32,500 shares during the period. State of New Jersey Common Pension Fund D’s holdings in United Continental Holdings were worth $3,951,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UAL. MCF Advisors LLC boosted its position in shares of United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after buying an additional 13 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of United Continental Holdings by 4.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,311 shares of the transportation company’s stock worth $305,000 after buying an additional 180 shares during the last quarter. Advisor Partners LLC boosted its position in shares of United Continental Holdings by 4.4% in the first quarter. Advisor Partners LLC now owns 4,802 shares of the transportation company’s stock worth $339,000 after buying an additional 202 shares during the last quarter. CIBC Asset Management Inc boosted its position 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 during the last quarter. Finally, Suntrust Banks Inc. boosted 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 worth $406,000 after buying an additional 220 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Shares of United Continental Holdings, Inc. (NYSE UAL) opened at 66.71 on Tuesday. The stock has a market capitalization of $20.29 billion, a price-to-earnings ratio of 9.22 and a beta of 1.03. The company has a 50-day moving average of $72.81 and a 200 day moving average of $73.61. United Continental Holdings, Inc. has a 12-month low of $46.53 and a 12-month high of $83.04.

United Continental Holdings (NYSE:UAL) last released its earnings results on Tuesday, July 18th. The transportation company reported $2.75 EPS 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 firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. Analysts predict that United Continental Holdings, Inc. will post $7.81 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “State of New Jersey Common Pension Fund D Has $3.95 Million Stake in United Continental Holdings, Inc. (NYSE:UAL)” was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.watchlistnews.com/state-of-new-jersey-common-pension-fund-d-has-3-95-million-stake-in-united-continental-holdings-inc-nyseual/1488829.html.

A number of brokerages recently issued reports on UAL. Cowen and Company reiterated a “market perform” rating and issued a $75.00 price target on shares of United Continental Holdings in a research note on Wednesday, April 19th. UBS AG reissued a “buy” rating and issued a $103.00 target price (up previously from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Bank of America Corporation decreased their target price on United Continental Holdings from $105.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Morgan Stanley reissued an “equal weight” rating and issued a $85.00 target price (up previously from $80.00) on shares of United Continental Holdings in a research report on Thursday, July 13th. Finally, BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $85.16.

In related news, EVP Gregory L. Hart sold 3,000 shares of United Continental Holdings stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $76.83, for a total transaction of $230,490.00. Following the completion of the sale, the executive vice president now owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Continental Holdings, Inc. (NYSE:UAL).

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

Receive News & Ratings for United Continental Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.