Numeric Investors LLC Reduces Holdings in United Continental Holdings, Inc. (UAL)

Numeric Investors LLC reduced its position in United Continental Holdings, Inc. (NYSE:UAL) by 69.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the transportation company’s stock after selling 18,300 shares during the period. Numeric Investors LLC’s holdings in United Continental Holdings were worth $602,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Telemus Capital LLC increased its position in United Continental Holdings by 0.3% in the 2nd quarter. Telemus Capital LLC now owns 2,890 shares of the transportation company’s stock worth $217,000 after purchasing an additional 9 shares during the last quarter. MCF Advisors LLC increased its position in United Continental Holdings by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after purchasing an additional 13 shares during the last quarter. Wetherby Asset Management Inc. increased its position in United Continental Holdings by 1.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 3,271 shares of the transportation company’s stock worth $246,000 after purchasing an additional 47 shares during the last quarter. Tillar Wenstrup Advisors LLC increased its position in United Continental Holdings by 0.3% in the 2nd quarter. Tillar Wenstrup Advisors LLC now owns 29,298 shares of the transportation company’s stock worth $2,205,000 after purchasing an additional 94 shares during the last quarter. Finally, Blair William & Co. IL increased its position in United Continental Holdings by 2.2% in the 2nd quarter. Blair William & Co. IL now owns 4,553 shares of the transportation company’s stock worth $343,000 after purchasing an additional 100 shares during the last quarter. 97.69% of the stock is currently owned by institutional investors.

In related news, Director Edward Shapiro purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the purchase, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/14/numeric-investors-llc-reduces-holdings-in-united-continental-holdings-inc-ual.html.

Shares of United Continental Holdings, Inc. (NYSE:UAL) opened at 67.57 on Friday. 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 52 week low of $52.21 and a 52 week high of $83.04. The company’s 50-day moving average price is $61.84 and its 200 day moving average price is $70.63.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that United Continental Holdings, Inc. will post $6.40 EPS for the current fiscal year.

UAL has been the topic of several research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $71.00 target price (down from $72.00) on shares of United Continental Holdings in a research report on Friday, September 1st. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Imperial Capital upped their target price on United Continental Holdings from $75.00 to $77.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 18th. Buckingham Research reaffirmed a “buy” rating and issued a $97.00 target price on shares of United Continental Holdings in a research report on Saturday, July 22nd. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $105.00 target price on shares of United Continental Holdings in a research report on Wednesday, July 12th. Three equities research

A number of other hedge funds have also recently modified their holdings of the business. Telemus Capital LLC increased its position in United Continental Holdings by 0.3% in the 2nd quarter. Telemus Capital LLC now owns 2,890 shares of the transportation company’s stock worth $217,000 after purchasing an additional 9 shares during the last quarter. MCF Advisors LLC increased its position in United Continental Holdings by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after purchasing an additional 13 shares during the last quarter. Wetherby Asset Management Inc. increased its position in United Continental Holdings by 1.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 3,271 shares of the transportation company’s stock worth $246,000 after purchasing an additional 47 shares during the last quarter. Tillar Wenstrup Advisors LLC increased its position in United Continental Holdings by 0.3% in the 2nd quarter. Tillar Wenstrup Advisors LLC now owns 29,298 shares of the transportation company’s stock worth $2,205,000 after purchasing an additional 94 shares during the last quarter. Finally, Blair William & Co. IL increased its position in United Continental Holdings by 2.2% in the 2nd quarter. Blair William & Co. IL now owns 4,553 shares of the transportation company’s stock worth $343,000 after purchasing an additional 100 shares during the last quarter. 97.69% of the stock is currently owned by institutional investors.

In related news, Director Edward Shapiro purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the purchase, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/14/numeric-investors-llc-reduces-holdings-in-united-continental-holdings-inc-ual.html.

Shares of United Continental Holdings, Inc. (NYSE:UAL) opened at 67.57 on Friday. 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 52 week low of $52.21 and a 52 week high of $83.04. The company’s 50-day moving average price is $61.84 and its 200 day moving average price is $70.63.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that United Continental Holdings, Inc. will post $6.40 EPS for the current fiscal year.

UAL has been the topic of several research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $71.00 target price (down from $72.00) on shares of United Continental Holdings in a research report on Friday, September 1st. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Imperial Capital upped their target price on United Continental Holdings from $75.00 to $77.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 18th. Buckingham Research reaffirmed a “buy” rating and issued a $97.00 target price on shares of United Continental Holdings in a research report on Saturday, July 22nd. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $105.00 target price on shares of United Continental Holdings in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $80.61.

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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