Convector Capital Management Lp buys $4.7 Million stake in United Continental Holdings Inc (UAL)

United Continental Holdings Inc (UAL) : Convector Capital Management Lp scooped up 10,000 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 May 11, 2016. The investment management firm now holds a total of 108,000 shares of United Continental Holdings Inc which is valued at $4.7 Million.United Continental Holdings Inc makes up approximately 5.23% of Convector Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Leisure Capital Management reduced its stake in UAL by selling 406 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 34,830 shares of UAL which is valued at $1.5 Million. United Continental Holdings Inc makes up approx 1.54% of Leisure Capital Management’s portfolio. Allsquare Wealth Management sold out all of its stake in UAL during the most recent quarter. The investment firm sold 600 shares of UAL which is valued $26,304.Los Angeles Capital Management Equity Research Inc boosted its stake in UAL in the latest quarter, The investment management firm added 1,276 additional shares and now holds a total of 26,200 shares of United Continental Holdings Inc which is valued at $1.2 Million. United Continental Holdings Inc makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio. Trimtabs Asset Management added UAL to its portfolio by purchasing 26,500 company shares during the most recent quarter which is valued at $1.2 Million. United Continental Holdings Inc makes up approx 0.71% of Trimtabs Asset Management’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in UAL in the latest quarter, The investment management firm added 1,310 additional shares and now holds a total of 16,267 shares of United Continental Holdings Inc which is valued at $743,402. United Continental Holdings Inc makes up approx 0.02% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

United Continental Holdings Inc opened for trading at $44.32 and hit $44.87 on the upside on Monday, eventually ending the session at $44.59, with a gain of 1.71% or 0.75 points. The heightened volatility saw the trading volume jump to 60,79,226 shares. Company has a market cap of $15,019 M.

On the company’s financial health, United Continental Holdings Inc 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 Holdings Inc. 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 Holdings Inc 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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