TIAA CREF Investment Management LLC Lowers Stake in United Continental Holdings, Inc. (UAL)

TIAA CREF Investment Management LLC reduced its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 9.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,178,523 shares of the transportation company’s stock after selling 125,068 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.39% of United Continental Holdings worth $88,684,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UAL. BlackRock Inc. lifted its position in United Continental Holdings by 4,642.3% in the first quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock worth $1,559,382,000 after buying an additional 21,609,536 shares during the last quarter. Boston Partners lifted its position in United Continental Holdings by 37.7% in the second quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock worth $364,214,000 after buying an additional 1,324,894 shares during the last quarter. Acadian Asset Management LLC lifted its position in United Continental Holdings by 133.0% in the second quarter. Acadian Asset Management LLC now owns 972,736 shares of the transportation company’s stock worth $73,200,000 after buying an additional 555,304 shares during the last quarter. Bank of Montreal Can lifted its position in United Continental Holdings by 383.9% in the second quarter. Bank of Montreal Can now owns 578,146 shares of the transportation company’s stock worth $43,505,000 after buying an additional 458,666 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in United Continental Holdings by 23.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,982,338 shares of the transportation company’s stock worth $140,032,000 after buying an additional 376,942 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://ledgergazette.com/2017/09/16/tiaa-cref-investment-management-llc-lowers-stake-in-united-continental-holdings-inc-ual.html.

United Continental Holdings, Inc. (UAL) opened at 59.80 on Friday. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 8.26 and a beta of 1.06. The firm has a 50-day moving average price of $64.14 and a 200 day moving average price of $71.77. United Continental Holdings, Inc. has a 1-year low of $49.28 and a 1-year high of $83.04. United Continental Holdings also saw some unusual options trading on Thursday. Traders purchased 1,399 call options on the company. This is an increase of approximately 115% compared to the average volume of 650 call options.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) 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 return on equity of 29.46% and a net margin of 6.09%. United Continental Holdings’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 EPS. On average, equities research analysts anticipate that United Continental Holdings, Inc. will post $6.71 EPS for the current fiscal year.

Several research firms have recently weighed in on UAL. BidaskClub upgraded United Continental Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Barclays PLC reiterated a “buy” rating and set a $90.00 target price on shares of United Continental Holdings in a research report on Thursday. Sanford C. Bernstein reiterated a “hold” rating on shares of United Continental Holdings in a research report on Monday, August 7th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $100.00 target price on shares of United Continental Holdings in a research report on Friday, July 14th. Finally, Cowen and Company lifted their target price on United Continental Holdings from $75.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $81.92.

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)

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

Leave a Reply