Westfield Capital Management Co Lp buys $170.3 Million stake in United Continental Holdings Inc (UAL)

United Continental Holdings Inc (UAL) : Westfield Capital Management Co Lp scooped up 440,361 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 13, 2016. The investment management firm now holds a total of 3,884,438 shares of United Continental Holdings Inc which is valued at $170.3 Million.United Continental Holdings Inc makes up approximately 1.31% of Westfield Capital Management Co Lp’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Securities Holdings Ltd. sold out all of its stake in UAL during the most recent quarter. The investment firm sold 310 shares of UAL which is valued $13,590. Jennison Associates sold out all of its stake in UAL during the most recent quarter. The investment firm sold 1,531,025 shares of UAL which is valued $70 Million. Whitebox Advisors sold out all of its stake in UAL during the most recent quarter. The investment firm sold 89,295 shares of UAL which is valued $4.1 Million.

United Continental Holdings Inc opened for trading at $45.12 and hit $45.94 on the upside on Wednesday, eventually ending the session at $45.13, with a gain of 0.31% or 0.14 points. The heightened volatility saw the trading volume jump to 36,50,347 shares. Company has a market cap of $15,201 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.

Leave a Reply

United Continental Holdings Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on United Continental Holdings Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.