Twin Tree Management LP Acquires 39,588 Shares of United Continental Holdings, Inc. (NYSE:UAL)

Twin Tree Management LP boosted its holdings in shares of United Continental Holdings, Inc. (NYSE:UAL) by 117.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,868 shares of the transportation company’s stock after acquiring an additional 39,588 shares during the period. Twin Tree Management LP’s holdings in United Continental Holdings were worth $442,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UAL. BlackRock Inc. grew its holdings in United Continental Holdings by 4,642.3% during the 1st quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock worth $1,559,382,000 after acquiring an additional 21,609,536 shares during the period. Boston Partners grew its holdings in United Continental Holdings by 37.7% during the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after acquiring an additional 1,324,894 shares during the period. Acadian Asset Management LLC grew its holdings in United Continental Holdings by 133.0% during the 2nd quarter. Acadian Asset Management LLC now owns 972,736 shares of the transportation company’s stock worth $73,200,000 after acquiring an additional 555,304 shares during the period. Bank of Montreal Can grew its holdings in United Continental Holdings by 383.9% during the 2nd quarter. Bank of Montreal Can now owns 578,146 shares of the transportation company’s stock worth $43,505,000 after acquiring an additional 458,666 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in United Continental Holdings by 23.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,982,338 shares of the transportation company’s stock worth $140,032,000 after acquiring an additional 376,942 shares during the period. 97.69% of the stock is owned by hedge funds and other institutional investors.

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In related news, Director Edward Shapiro acquired 15,000 shares of the stock in a transaction on Friday, September 15th. The shares were acquired at an average price of $59.87 per share, with a total value of $898,050.00. Following the completion of the transaction, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

A number of research firms have commented on UAL. UBS AG reaffirmed a “buy” rating and set a $103.00 target price (up previously from $95.00) on shares of United Continental Holdings in a report on Friday, June 9th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of United Continental Holdings in a report on Wednesday. Stifel Nicolaus reissued a “buy” rating and set a $110.00 price target on shares of United Continental Holdings in a research report on Wednesday. Zacks Investment Research cut shares of United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $86.00 price target on shares of United Continental Holdings in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $82.35.

United Continental Holdings, Inc. (NYSE:UAL) opened at 58.80 on Friday. The stock’s 50 day moving average is $63.57 and its 200 day moving average is $71.48. The firm has a market capitalization of $17.89 billion, a price-to-earnings ratio of 8.12 and a beta of 1.06. United Continental Holdings, Inc. has a 1-year low of $49.28 and a 1-year high of $83.04.

United Continental Holdings (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.44. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.95 billion. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $2.61 earnings per share. Analysts predict that United Continental Holdings, Inc. will post $6.27 EPS for the current fiscal year.

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.

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

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