Selway Asset Management buys $4,454,080 stake in United Continental Holdings Inc (UAL)

United Continental Holdings Inc (UAL) : Selway Asset Management scooped up 31,200 additional shares in United Continental Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 99,200 shares of United Continental Holdings Inc which is valued at $4,454,080.United Continental Holdings Inc makes up approximately 2.73% of Selway Asset Management’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c boosted its stake in UAL in the latest quarter, The investment management firm added 66,640 additional shares and now holds a total of 66,736 shares of United Continental Holdings Inc which is valued at $2,996,446. United Continental Holdings Inc makes up approx 0.40% of Spot Trading L.l.c’s portfolio.Aberdeen Asset Management Plcuk boosted its stake in UAL in the latest quarter, The investment management firm added 1,218 additional shares and now holds a total of 225,865 shares of United Continental Holdings Inc which is valued at $10,141,339. United Continental Holdings Inc makes up approx 0.04% of Aberdeen Asset Management Plcuk’s portfolio.Ngam Advisors reduced its stake in UAL by selling 7,764 shares or 41.13% in the most recent quarter. The Hedge Fund company now holds 11,111 shares of UAL which is valued at $498,884. United Continental Holdings Inc makes up approx 0.01% of Ngam Advisors’s portfolio. Pggm Investments added UAL to its portfolio by purchasing 67,064 company shares during the most recent quarter which is valued at $3,181,516. United Continental Holdings Inc makes up approx 0.02% of Pggm Investments’s portfolio.

United Continental Holdings Inc opened for trading at $48.39 and hit $49.322 on the upside on Monday, eventually ending the session at $48.49, with a gain of 0.17% or 0.08 points. The heightened volatility saw the trading volume jump to 43,11,296 shares. Company has a market cap of $15,634 M.

On the company’s financial health, United Continental Holdings Inc reported $2.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $2.56. The company had revenue of $9396.00 million for the quarter, compared to analysts expectations of $9390.44 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.31 EPS.

Many Wall Street Analysts have commented on United Continental Holdings Inc. United Continental Holdings Inc was Downgraded by Credit Suisse to ” Neutral” on Jul 6, 2016.

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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