Nevsky Capital Llp Lowers stake in UNITED CONTINENTAL HLDGS COM (UAL)

UNITED CONTINENTAL HLDGS COM (UAL) : Nevsky Capital Llp reduced its stake in UNITED CONTINENTAL HLDGS COM by 82.52% during the most recent quarter end. The investment management company now holds a total of 158,000 shares of UNITED CONTINENTAL HLDGS COM which is valued at $8,016,920 after selling 745,957 shares in UNITED CONTINENTAL HLDGS COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.UNITED CONTINENTAL HLDGS COM makes up approximately 23.96% of Nevsky Capital Llp’s portfolio.

UNITED CONTINENTAL HLDGS COM closed down -0.2 points or -0.41% at $48.94 with 52,11,328 shares getting traded on Wednesday. Post opening the session at $49.05, the shares hit an intraday low of $48.7 and an intraday high of $49.702 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in UAL during the most recent quarter. The investment firm sold 6,584 shares of UAL which is valued $334,072.Migdal Insurance Financial Holdings Ltd. reduced its stake in UAL by selling 8,700 shares or 18.32% in the most recent quarter. The Hedge Fund company now holds 38,800 shares of UAL which is valued at $1,968,712. UNITED CONTINENTAL HLDGS COM makes up approx 0.06% of Migdal Insurance Financial Holdings Ltd.’s portfolio.Benjamin F. Edwards Company reduced its stake in UAL by selling 330 shares or 74.49% in the most recent quarter. The Hedge Fund company now holds 113 shares of UAL which is valued at $6,430.

On the company’s financial health, UNITED CONTINENTAL HLDGS COM reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.18. The company had revenue of $8195.00 million for the quarter, compared to analysts expectations of $8205.41 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.52 EPS.

Many Wall Street Analysts have commented on UNITED CONTINENTAL HLDGS COM. Shares were Reiterated by Cowen on Apr 22, 2016 to “Outperform” and Lowered the Price Target to $ 62 from a previous price target of $65 .UNITED CONTINENTAL HLDGS COM was Downgraded by Sterne Agee CRT to ” Neutral” on Apr 22, 2016. Shares were Reiterated by Stifel on Apr 22, 2016 to “Buy” and Lowered the Price Target to $ 70 from a previous price target of $75 .

United Continental Holdings Inc. (UAL) is a holding company and its principal wholly owned subsidiary is United Air Lines Inc. (United). The Company transports people and cargo through its mainline operations which use jet aircraft with at least 118 seats and its regional 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 an average of 5055 flights a day to 373 airports across six continents from the Company’s hubs at Newark Liberty International Airport Chicago O’Hare International Airport Denver International Airport George Bush Intercontinental Airport Los Angeles International Airport A.B. Won Pat International Airport San Francisco International Airport and Washington Dulles International Airport. It has contractual relationships with a range of regional carriers to provide regional jet and turboprop service branded as United Express.

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