CIBC Asset Management Inc Acquires 204 Shares of United Continental Holdings, Inc. (NYSE:UAL)

CIBC Asset Management Inc raised its position in United Continental Holdings, Inc. (NYSE:UAL) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,008 shares of the transportation company’s stock after buying an additional 204 shares during the period. CIBC Asset Management Inc’s holdings in United Continental Holdings were worth $2,333,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC raised its position in 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 in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in 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 in the last quarter. Advisor Partners LLC raised its position in 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 in the last quarter. Suntrust Banks Inc. raised its position in 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 in the last quarter. Finally, Private Advisor Group LLC raised its position in United Continental Holdings by 5.0% in the first quarter. Private Advisor Group LLC now owns 4,746 shares of the transportation company’s stock worth $333,000 after buying an additional 225 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Continental Holdings, Inc. (UAL) opened at 68.39 on Tuesday. The firm has a market capitalization of $20.81 billion, a P/E ratio of 9.45 and a beta of 1.03. The stock has a 50 day moving average of $75.42 and a 200-day moving average of $74.04. United Continental Holdings, Inc. has a 1-year low of $46.24 and a 1-year high of $83.04.

United Continental Holdings (NYSE:UAL) last announced its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the prior year, the business posted $2.61 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts expect that United Continental Holdings, Inc. will post $7.83 earnings per share for the current year.

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A number of equities analysts recently commented on the stock. Cowen and Company reaffirmed a “market perform” rating and set a $75.00 price target on shares of United Continental Holdings in a research report on Wednesday, April 19th. UBS AG reaffirmed a “buy” rating and set a $103.00 price target (up from $95.00) on shares of United Continental Holdings in a research report on Friday, June 9th. Bank of America Corporation lowered their price target on shares of United Continental Holdings from $105.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, June 30th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of United Continental Holdings in a research report on Monday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $85.00 price target (up from $80.00) on shares of United Continental Holdings in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $85.16.

In related news, EVP Gregory L. Hart sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $76.83, for a total value of $230,490.00. Following the transaction, the executive vice president now directly owns 28,369 shares in the company, valued at $2,179,590.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

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.

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

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