Westfield Capital Management Co Lp Lowers stake in United Continental Holdings Inc (UAL)

United Continental Holdings Inc (UAL) : Westfield Capital Management Co Lp reduced its stake in United Continental Holdings Inc by 14.71% during the most recent quarter end. The investment management company now holds a total of 3,313,048 shares of United Continental Holdings Inc which is valued at $156,044,561 after selling 571,390 shares in United Continental Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.United Continental Holdings Inc makes up approximately 1.21% of Westfield Capital Management Co Lp’s portfolio.

Other Hedge Funds, Including , Cipher Capital Lp added UAL to its portfolio by purchasing 17,894 company shares during the most recent quarter which is valued at $842,807. United Continental Holdings Inc makes up approx 0.06% of Cipher Capital Lp’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. reduced its stake in UAL by selling 431 shares or 2.65% in the most recent quarter. The Hedge Fund company now holds 15,836 shares of UAL which is valued at $711,036. United Continental Holdings Inc makes up approx 0.02% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Oakbrook Investments boosted its stake in UAL in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 37,750 shares of United Continental Holdings Inc which is valued at $1,795,768. United Continental Holdings Inc makes up approx 0.10% of Oakbrook Investments’s portfolio.

United Continental Holdings Inc opened for trading at $47.06 and hit $47.32 on the upside on Monday, eventually ending the session at $46.95, with a gain of 0.17% or 0.08 points. The heightened volatility saw the trading volume jump to 24,04,469 shares. Company has a market cap of $15,137 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. 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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