U S Global Investors Inc. increased its holdings in United Continental Holdings, Inc. (NYSE:UAL) by 65.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 189,637 shares of the transportation company’s stock after buying an additional 74,823 shares during the period. United Continental Holdings accounts for 4.4% of U S Global Investors Inc.’s investment portfolio, making the stock its 6th biggest position. U S Global Investors Inc. owned approximately 0.06% of United Continental Holdings worth $12,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UAL. Stifel Financial Corp boosted its holdings in United Continental Holdings by 10.2% in the 1st quarter. Stifel Financial Corp now owns 6,562 shares of the transportation company’s stock worth $463,000 after buying an additional 606 shares during the period. Wellington Management Group LLP boosted its holdings in United Continental Holdings by 11.8% in the 1st quarter. Wellington Management Group LLP now owns 432,941 shares of the transportation company’s stock worth $30,583,000 after buying an additional 45,829 shares during the period. PNC Financial Services Group Inc. boosted its holdings in United Continental Holdings by 18.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,229 shares of the transportation company’s stock worth $1,146,000 after buying an additional 2,558 shares during the period. Legal & General Group Plc boosted its holdings in United Continental Holdings by 12.7% in the 1st quarter. Legal & General Group Plc now owns 475,512 shares of the transportation company’s stock worth $33,592,000 after buying an additional 53,566 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in United Continental Holdings by 993.8% in the 1st quarter. Mackenzie Financial Corp now owns 250,157 shares of the transportation company’s stock worth $17,671,000 after buying an additional 227,286 shares during the period. 97.69% of the stock is owned by institutional investors.

In related news, Director Edward Shapiro bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the transaction, the director now owns 27,707 shares in the company, valued at $1,658,818.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

United Continental Holdings, Inc. (UAL) traded up 1.40% during mid-day trading on Friday, hitting $67.57. 4,082,127 shares of the stock traded hands. The company’s 50 day moving average is $61.84 and its 200 day moving average is $70.63. The company has a market cap of $20.56 billion, a P/E ratio of 9.34 and a beta of 1.05. United Continental Holdings, Inc. has a 12 month low of $52.21 and a 12 month high of $83.04.

United Continental Holdings (NYSE:UAL) last issued its earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the prior year, the business earned $2.61 earnings per share. United Continental Holdings’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts expect that United Continental Holdings, Inc. will post $6.40 earnings per share for the current fiscal year.

UAL has been the subject of several analyst reports. Buckingham Research downgraded shares of United Continental Holdings from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $49.28 to $59.80 in a report on Monday, September 18th. UBS AG raised their price objective on shares of United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, July 12th. Barclays PLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of United Continental Holdings in a report on Monday, September 25th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $86.00 price objective on shares of United Continental Holdings in a report on Thursday, July 13th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $71.00 price objective (down from $72.00) on shares of United Continental Holdings in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $80.61.

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United Continental Holdings 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.

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

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