United Continental Holdings Inc (UAL) : Evercore Trust Company N.a. reduced its stake in United Continental Holdings Inc by 2.08% during the most recent quarter end. The investment management company now holds a total of 5,802,298 shares of United Continental Holdings Inc which is valued at $273,288,236 after selling 123,154 shares in United Continental Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.United Continental Holdings Inc makes up approximately 0.86% of Evercore Trust Company N.a.’s portfolio.
Other Hedge Funds, Including , Covey Capital Advisors sold out all of its stake in UAL during the most recent quarter. The investment firm sold 4,000 shares of UAL which is valued $188,400.I.g. Investment Management Ltd. boosted its stake in UAL in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 8,300 shares of United Continental Holdings Inc which is valued at $401,803. Tradelink Capital sold out all of its stake in UAL during the most recent quarter. The investment firm sold 3,910 shares of UAL which is valued $175,559. First Dallas Securities sold out all of its stake in UAL during the most recent quarter. The investment firm sold 4,725 shares of UAL which is valued $224,154.Kanaly Trust Co reduced its stake in UAL by selling 59 shares or 5.11% in the most recent quarter. The Hedge Fund company now holds 1,095 shares of UAL which is valued at $52,089. United Continental Holdings Inc makes up approx 0.01% of Kanaly Trust Co’s portfolio.
United Continental Holdings Inc closed down -0.51 points or -1.07% at $47.09 with 32,67,145 shares getting traded on Friday. Post opening the session at $47.25, the shares hit an intraday low of $46.94 and an intraday high of $47.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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. Imperial Capital Initiated United Continental Holdings Inc on Aug 23, 2016 to “Outperform”, Price Target of the shares are set at $57.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 Companys hubs at Newark Liberty International Airport Chicago OHare 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.