Zurcher Kantonalbank Zurich Cantonalbank cut its stake in United Continental Holdings Inc (NYSE:UAL) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,236 shares of the transportation company’s stock after selling 2,474 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Continental were worth $1,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of United Continental by 289.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,487 shares of the transportation company’s stock worth $437,000 after acquiring an additional 4,820 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of United Continental by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 31,567 shares of the transportation company’s stock worth $2,128,000 after acquiring an additional 780 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of United Continental by 0.9% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 378,990 shares of the transportation company’s stock worth $25,544,000 after acquiring an additional 3,232 shares during the period. Cowen Prime Services LLC bought a new stake in shares of United Continental in the fourth quarter worth approximately $2,447,000. Finally, Beach Investment Counsel Inc. PA bought a new stake in shares of United Continental in the fourth quarter worth approximately $204,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

United Continental Holdings Inc (UAL) opened at $65.40 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37. United Continental Holdings Inc has a 1-year low of $56.51 and a 1-year high of $83.04. The firm has a market cap of $19,001.63, a P/E ratio of 9.47 and a beta of 1.02.

United Continental (NYSE:UAL) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.45. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. equities research analysts forecast that United Continental Holdings Inc will post 7.43 EPS for the current fiscal year.

United Continental declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 7th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

UAL has been the subject of several recent research reports. Sanford C. Bernstein restated an “outperform” rating on shares of United Continental in a research report on Wednesday, January 24th. Bank of America boosted their target price on shares of United Continental from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Citigroup boosted their target price on shares of United Continental from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. ValuEngine lowered shares of United Continental from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. United Continental has an average rating of “Hold” and a consensus price target of $82.87.

COPYRIGHT VIOLATION NOTICE: “United Continental Holdings Inc (UAL) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank” was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/united-continental-holdings-inc-ual-shares-sold-by-zurcher-kantonalbank-zurich-cantonalbank/1866181.html.

United Continental 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.

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 (NYSE:UAL)

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