Total Investment Management Inc. decreased its holdings in United Continental Holdings Inc (NYSE:UAL) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,745 shares of the transportation company’s stock after selling 630 shares during the quarter. United Continental accounts for about 0.5% of Total Investment Management Inc.’s investment portfolio, making the stock its 12th largest position. Total Investment Management Inc.’s holdings in United Continental were worth $2,471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlueMountain Capital Management LLC bought a new stake in United Continental during the 2nd quarter worth approximately $102,000. Adviser Investments LLC bought a new stake in shares of United Continental during the second quarter valued at approximately $112,000. Parallel Advisors LLC raised its position in shares of United Continental by 107.0% during the third quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock valued at $121,000 after buying an additional 703 shares during the last quarter. Advisors Preferred LLC raised its position in shares of United Continental by 521.1% during the second quarter. Advisors Preferred LLC now owns 2,472 shares of the transportation company’s stock valued at $172,000 after buying an additional 2,074 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of United Continental during the second quarter valued at approximately $193,000. 95.21% of the stock is currently owned by institutional investors.

UAL has been the topic of several recent analyst reports. Buckingham Research set a $108.00 price objective on shares of United Continental and gave the company a “buy” rating in a research report on Friday, September 7th. Macquarie cut shares of United Continental from an “outperform” rating to a “neutral” rating and set a $95.00 price objective on the stock. in a research report on Tuesday, September 18th. They noted that the move was a valuation call. Morgan Stanley set a $92.00 price objective on shares of United Continental and gave the company a “hold” rating in a research report on Tuesday, September 18th. Imperial Capital lifted their price objective on shares of United Continental from $85.00 to $96.00 and gave the company an “in-line” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Monday, October 1st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $103.75.

UAL traded down $2.63 during trading hours on Friday, hitting $90.40. The company’s stock had a trading volume of 47,716 shares, compared to its average volume of 3,772,137. United Continental Holdings Inc has a 12 month low of $60.44 and a 12 month high of $97.85.

United Continental (NYSE:UAL) last announced its quarterly earnings results on Tuesday, October 16th. The transportation company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.01). The company had revenue of $11 billion for the quarter, compared to the consensus estimate of $10.95 billion. During the same quarter in the previous year, the company earned $2.22 EPS. The business’s revenue was up 11.2% compared to the same quarter last year.

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About United Continental

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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