United Continental Holdings Inc (UAL) : Alyeska Investment Group scooped up 669,188 additional shares in United Continental Holdings Inc during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 1,229,633 shares of United Continental Holdings Inc which is valued at $74.3 Million.United Continental Holdings Inc makes up approximately 0.88% of Alyeska Investment Group’s portfolio.
Other Hedge Funds, Including , Marianas Fund Management added UAL to its portfolio by purchasing 1,296,400 company shares during the Fourth Quarter which is valued at $78.3 Million. United Continental Holdings Inc makes up approx 15.25% of Marianas Fund Management’s portfolio. Wexford Capital Lp added UAL to its portfolio by purchasing 93,400 company shares during the Fourth Quarter which is valued at $5.6 Million. United Continental Holdings Inc makes up approx 1.43% of Wexford Capital Lp’s portfolio.
On the company’s financial health, United Continental Holdings Inc reported $2.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus of $2.58. The company had revenue of $9036.00 million for the quarter, compared to analysts expectations of $9070.04 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.20 EPS.
Many Wall Street Analysts have commented on United Continental Holdings Inc. Shares were Downgraded by Deutsche Bank on Apr 1, 2016 to ” Hold” and Lowered the Price Target to $ 62 from a previous price target of $75 .United Continental Holdings Inc was Downgraded by Raymond James to ” Mkt Perform” on Mar 24, 2016. Shares were Reiterated by Cowen on Jan 22, 2016 to “Outperform” and Lowered the Price Target to $ 65 from a previous price target of $80 .
United Continental Holdings Inc closed down -0.87 points or -1.53% at $55.85 with 46,22,050 shares getting traded on Monday. Post opening the session at $56.59, the shares hit an intraday low of $55.7 and an intraday high of $57.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.