Marianas Fund Management Lowers stake in United Continental Holdings Inc (UAL)

United Continental Holdings Inc (UAL) : Marianas Fund Management reduced its stake in United Continental Holdings Inc by 8.89% during the most recent quarter end. The investment management company now holds a total of 459,420 shares of United Continental Holdings Inc which is valued at $28,915,895 after selling 44,800 shares in United Continental Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.United Continental Holdings Inc makes up approximately 8.09% of Marianas Fund Management’s portfolio.

Other Hedge Funds, Including , Moors Cabot added UAL to its portfolio by purchasing 5,050 company shares during the most recent quarter which is valued at $304,263. United Continental Holdings Inc makes up approx 0.05% of Moors Cabot’s portfolio.Dimensional Fund Advisors Lp boosted its stake in UAL in the latest quarter, The investment management firm added 210,332 additional shares and now holds a total of 2,688,461 shares of United Continental Holdings Inc which is valued at $161,146,352. United Continental Holdings Inc makes up approx 0.09% of Dimensional Fund Advisors Lp’s portfolio.Airain Ltd reduced its stake in UAL by selling 140,297 shares or 75.3% in the most recent quarter. The Hedge Fund company now holds 46,023 shares of UAL which is valued at $2,693,726. United Continental Holdings Inc makes up approx 0.17% of Airain Ltd’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in UAL by selling 458,814 shares or 5.66% in the most recent quarter. The Hedge Fund company now holds 7,649,314 shares of UAL which is valued at $447,714,348. United Continental Holdings Inc makes up approx 0.07% of Blackrock Institutional Trust Company N.a.’s portfolio. High Pointe Capital Management added UAL to its portfolio by purchasing 12,500 company shares during the most recent quarter which is valued at $731,625. United Continental Holdings Inc makes up approx 1.31% of High Pointe Capital Management’s portfolio.

United Continental Holdings Inc opened for trading at $68.05 and hit $68.47 on the upside on Monday, eventually ending the session at $68.29, with a gain of 0.63% or 0.43 points. The heightened volatility saw the trading volume jump to 49,63,616 shares. Company has a market cap of $21,667 M.

On the company’s financial health, United Continental Holdings Inc reported $3.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $3.06. The company had revenue of $9913.00 million for the quarter, compared to analysts expectations of $9912.03 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.53 EPS.

Many Wall Street Analysts have commented on United Continental Holdings Inc. United Continental Holdings Inc was Initiated by Citigroup to “Neutral” on Nov 18, 2016. Company shares were Reiterated by Cowen on Nov 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 71 from a previous price target of $60 .Shares were Reiterated by Stifel on Oct 24, 2016 to “Buy” and Lowered the Price Target to $ 65 from a previous price target of $70 .

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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