Karp Capital Management Corp Has $487,000 Stake in United Continental Holdings, Inc. (UAL)

Karp Capital Management Corp decreased its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 20.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,000 shares of the transportation company’s stock after selling 2,000 shares during the quarter. Karp Capital Management Corp’s holdings in United Continental Holdings were worth $487,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Exane Derivatives boosted its holdings in shares of United Continental Holdings by 373.7% during the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 1,461 shares during the period. MCF Advisors LLC boosted its holdings in shares of United Continental Holdings by 0.9% during the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 13 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of United Continental Holdings during the first quarter valued at $122,000. Sun Life Financial INC boosted its holdings in shares of United Continental Holdings by 18,645.5% during the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after acquiring an additional 2,051 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of United Continental Holdings during the second quarter valued at $181,000. 97.69% of the stock is owned by institutional investors.

Shares of United Continental Holdings, Inc. (NYSE UAL) traded down 0.15% during midday trading on Wednesday, reaching $58.39. 2,072,104 shares of the company’s stock were exchanged. United Continental Holdings, Inc. has a 1-year low of $55.75 and a 1-year high of $83.04. The firm has a 50-day moving average of $61.90 and a 200-day moving average of $69.87. The company has a market capitalization of $17.76 billion, a PE ratio of 8.07 and a beta of 1.05.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.10. The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $3.11 earnings per share. Equities analysts expect that United Continental Holdings, Inc. will post $6.31 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on UAL. Atlantic Securities reissued a “neutral” rating and set a $100.00 price target (up previously from $58.87) on shares of United Continental Holdings in a report on Tuesday, October 24th. UBS AG boosted their price target on shares of United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded shares of United Continental Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Evercore ISI raised shares of United Continental Holdings from an “in-line” rating to an “outperform” rating and set a $68.00 price target for the company in a report on Wednesday, October 25th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $110.00 price target on shares of United Continental Holdings in a report on Wednesday, September 20th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $77.63.

In other news, Director Robert A. Milton purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were acquired at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the acquisition, the director now directly owns 6,176 shares in the company, valued at $361,913.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward Shapiro purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the acquisition, the director now owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.

United Continental Holdings Profile

United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline 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 flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.

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Institutional Ownership by Quarter for United Continental Holdings (NYSE:UAL)

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