Arizona State Retirement System Sells 1,132 Shares of United Continental Holdings Inc (UAL)

Arizona State Retirement System lessened its stake in shares of United Continental Holdings Inc (NYSE:UAL) by 2.0% during the third quarter, HoldingsChannel reports. The firm owned 56,756 shares of the transportation company’s stock after selling 1,132 shares during the period. Arizona State Retirement System’s holdings in United Continental were worth $5,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of UAL. Lansdowne Partners UK LLP acquired a new position in shares of United Continental during the second quarter worth about $251,781,000. Bank of Montreal Can lifted its stake in shares of United Continental by 995.6% during the third quarter. Bank of Montreal Can now owns 961,261 shares of the transportation company’s stock worth $85,609,000 after purchasing an additional 873,525 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of United Continental during the second quarter worth about $49,434,000. Ashler Capital LLC acquired a new position in shares of United Continental during the second quarter worth about $34,688,000. Finally, Gateway Investment Advisers LLC acquired a new position in shares of United Continental during the second quarter worth about $18,007,000. Institutional investors own 95.21% of the company’s stock.

NYSE:UAL opened at $89.64 on Wednesday. United Continental Holdings Inc has a one year low of $56.51 and a one year high of $91.39.

United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.01). The company had revenue of $11 billion during the quarter, compared to analyst estimates of $10.95 billion. During the same quarter last year, the business posted $2.22 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis.

A number of research analysts have commented on UAL shares. Buckingham Research set a $108.00 price objective on United Continental and gave the stock a “buy” rating in a research note on Friday, September 7th. ValuEngine upgraded United Continental from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research note on Monday, October 1st. Bank of America boosted their price target on United Continental from $94.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Finally, Deutsche Bank upgraded United Continental from a “hold” rating to a “buy” rating and boosted their price target for the stock from $91.00 to $100.00 in a research note on Wednesday, October 17th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. United Continental presently has a consensus rating of “Buy” and a consensus target price of $100.38.

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United Continental Company Profile

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

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

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