Bank of Nova Scotia Cuts Position in United Continental Holdings, Inc. (UAL)

Bank of Nova Scotia reduced its position in United Continental Holdings, Inc. (NYSE:UAL) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,653 shares of the transportation company’s stock after selling 1,899 shares during the quarter. Bank of Nova Scotia’s holdings in United Continental Holdings were worth $4,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Telemus Capital LLC raised its position in shares of 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 buying an additional 9 shares during the period. MCF Advisors LLC raised its position in shares of 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 buying an additional 13 shares during the period. Wetherby Asset Management Inc. raised its position in shares of 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 buying an additional 47 shares during the period. Tillar Wenstrup Advisors LLC raised its position in shares of 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 buying an additional 94 shares during the period. Finally, Blair William & Co. IL raised its position in shares of 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 buying an additional 100 shares during the period. 97.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Continental Holdings, Inc. (NYSE:UAL) opened at 66.95 on Tuesday. United Continental Holdings, Inc. has a 52 week low of $52.21 and a 52 week high of $83.04. The firm has a market capitalization of $20.37 billion, a P/E ratio of 9.25 and a beta of 1.05. The stock’s 50 day moving average price is $61.79 and its 200 day moving average price is $70.63.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.44. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the previous year, the firm posted $2.61 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that United Continental Holdings, Inc. will post $6.43 EPS for the current fiscal year.

UAL has been the topic of several research reports. Atlantic Securities initiated coverage on United Continental Holdings in a research report on Tuesday, June 20th. They issued an “overweight” rating and a $100.00 target price on the stock. Bank of America Corporation cut their target price on 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. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Cowen and Company increased 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. Finally, UBS AG increased their target price on United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $80.61.

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

ILLEGAL ACTIVITY NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/17/bank-of-nova-scotia-cuts-position-in-united-c

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Telemus Capital LLC raised its position in shares of 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 buying an additional 9 shares during the period. MCF Advisors LLC raised its position in shares of 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 buying an additional 13 shares during the period. Wetherby Asset Management Inc. raised its position in shares of 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 buying an additional 47 shares during the period. Tillar Wenstrup Advisors LLC raised its position in shares of 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 buying an additional 94 shares during the period. Finally, Blair William & Co. IL raised its position in shares of 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 buying an additional 100 shares during the period. 97.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Continental Holdings, Inc. (NYSE:UAL) opened at 66.95 on Tuesday. United Continental Holdings, Inc. has a 52 week low of $52.21 and a 52 week high of $83.04. The firm has a market capitalization of $20.37 billion, a P/E ratio of 9.25 and a beta of 1.05. The stock’s 50 day moving average price is $61.79 and its 200 day moving average price is $70.63.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.44. United Continental Holdings had a net margin of 6.09% and a return on equity of 29.46%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the previous year, the firm posted $2.61 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that United Continental Holdings, Inc. will post $6.43 EPS for the current fiscal year.

UAL has been the topic of several research reports. Atlantic Securities initiated coverage on United Continental Holdings in a research report on Tuesday, June 20th. They issued an “overweight” rating and a $100.00 target price on the stock. Bank of America Corporation cut their target price on 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. BidaskClub lowered United Continental Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Cowen and Company increased 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. Finally, UBS AG increased their target price on United Continental Holdings from $103.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $80.61.

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

ILLEGAL ACTIVITY NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/17/bank-of-nova-scotia-cuts-position-in-united-continental-holdings-inc-ual.html.

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.

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

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