Knighthead Capital Management Lowers stake in United Continental Holdings Inc (UAL)

United Continental Holdings Inc (UAL) : Knighthead Capital Management reduced its stake in United Continental Holdings Inc by 30.0% during the most recent quarter end. The investment management company now holds a total of 294,490 shares of United Continental Holdings Inc which is valued at $13,870,479 after selling 126,210 shares in United Continental Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.United Continental Holdings Inc makes up approximately 6.11% of Knighthead Capital Management’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in UAL in the latest quarter, The investment management firm added 2,520 additional shares and now holds a total of 14,370 shares of United Continental Holdings Inc which is valued at $676,827. United Continental Holdings Inc makes up approx 0.04% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Allianz Asset Management Ag reduced its stake in UAL by selling 76,931 shares or 9.89% in the most recent quarter. The Hedge Fund company now holds 700,890 shares of UAL which is valued at $33,011,919. United Continental Holdings Inc makes up approx 0.05% of Allianz Asset Management Ag’s portfolio. Assetmark Inc sold out all of its stake in UAL during the most recent quarter. The investment firm sold 953 shares of UAL which is valued $45,048. Timber Hill added UAL to its portfolio by purchasing 30,196 company shares during the most recent quarter which is valued at $1,461,788. United Continental Holdings Inc makes up approx 0.12% of Timber Hill’s portfolio.Regentatlantic Capital reduced its stake in UAL by selling 5,341 shares or 16.8% in the most recent quarter. The Hedge Fund company now holds 26,442 shares of UAL which is valued at $1,277,149. United Continental Holdings Inc makes up approx 0.12% of Regentatlantic Capital’s portfolio.

United Continental Holdings Inc opened for trading at $50.54 and hit $51.48 on the upside on Thursday, eventually ending the session at $50.89, with a gain of 0.95% or 0.48 points. The heightened volatility saw the trading volume jump to 40,12,808 shares. Company has a market cap of $16,407 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 Upgraded by Raymond James to ” Outperform” on Aug 30, 2016. 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 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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