United Continental Holdings (UAL) Market Value Rose While Altimeter Capital Management LP Has Upped Position by $37.95 Million; Advisory Services Network Maintains Position in Bank Amer (BAC)

June 16, 2018 - By Linda Rogers

Bank of America Corporation (NYSE:BAC) Logo

Brad Gerstner increased its stake in United Continental Holdings (UAL) by 4.94% based on its latest 2018Q1 regulatory filing with the SEC. Altimeter Capital Management Lp bought 550,000 shares as the company’s stock rose 3.49% while stock markets declined. The hedge fund run by Brad Gerstner held 11.69 million shares of the transportation company at the end of 2018Q1, valued at $811.89M, up from 11.14M at the end of the previous reported quarter. Altimeter Capital Management Lp who had been investing in United Continental Holdings for a number of months, seems to be bullish on the $20.49 billion market cap company. The stock increased 1.19% or $0.87 during the last trading session, reaching $73.89. About 5.15 million shares traded or 50.06% up from the average. United Continental Holdings, Inc. (NYSE:UAL) has declined 11.95% since June 16, 2017 and is downtrending. It has underperformed by 24.52% the S&P500. Some Historical UAL News: 08/05/2018 – United Reports April 2018 Operational Performance; 18/04/2018 – UNITED:MUCH OF 2ND HALF CAPACITY GROWTH TO BE OFF-PEAK FLYING; 17/04/2018 – UNITED CONTINENTAL HOLDINGS INC – QTRLY CONSOLIDATED PASSENGER LOAD FACTOR OF 80.4 PCT VS 79.6 PCT REPORTED LAST YEAR; 20/03/2018 – UNITED AIR WON’T ACCEPT ANY NEW RESERVATIONS FOR PETSAFE; 13/03/2018 – UNITED CONTINENTAL TARGETS ABOUT 25% CAGR EPS 2018 THROUGH 2020; 17/04/2018 – United Continental Sees 2Q CASM Ex-Items 9.88 Cents to 9.98 Cents; 09/04/2018 – UNITED AIR SEES 1Q PRASM UP 2.7%; 08/03/2018 – United Continental February Consolidated Load Factor 78.1%; 24/05/2018 – United Airlines Taps Former FAA Chief Jane Garvey as Chairman; 24/05/2018 – UNITED REACHES RESOLUTION WITH OWNER OF DOG DIED IN PLANE: CNBC

Advisory Services Network Llc increased its stake in Bank Amer Corp (BAC) by 23.81% based on its latest 2018Q1 regulatory filing with the SEC. Advisory Services Network Llc bought 39,449 shares as the company’s stock declined 6.97% with the market. The institutional investor held 205,138 shares of the major banks company at the end of 2018Q1, valued at $6.15M, up from 165,689 at the end of the previous reported quarter. Advisory Services Network Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $296.88B market cap company. The stock decreased 0.75% or $0.22 during the last trading session, reaching $29.28. About 105.08 million shares traded or 53.99% up from the average. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 16, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 18/05/2018 – Channel NewsAsia: US gun lobby takes aim at ‘gun-hating’ banks Citi, BofA; 15/05/2018 – BANK OF AMERICA – CREDIT CARD CHARGE-OFF RATE WAS 2.96 PCT IN APRIL VS 2.81 PCT IN MARCH; 15/05/2018 – Illumina Presenting at Bank of America Conference Tomorrow; 08/03/2018 – U.S. SEC SAYS MERRILL LYNCH CHARGED WITH GATEKEEPING FAILURES IN THE UNREGISTERED SALES OF SECURITIES; 24/04/2018 – ANGLO AMERICAN PLATINUM – MERRILL LYNCH INTERNATIONAL IS ACTING AS SOLE BOOKRUNNER IN RELATION TO PLACING; 10/04/2018 – EX-BOFA BRAZIL EMPLOYEES ARE SAID TO BUILD NEW EQUITY FUND; 14/05/2018 – PTC Therapeutics at Bank of America Conference Tomorrow; 24/04/2018 – FIRSTENERGY CORP FE.N : BOFA MERRILL RAISES PRICE OBJECTIVE TO $37 FROM $35; 14/05/2018 – C.H. Robinson Presenting at Bank of America Conference Tomorrow; 10/05/2018 – NuVasive Presenting at Bank of America Conference May 15

Investors sentiment increased to 0.76 in 2018 Q1. Its up 0.10, from 0.66 in 2017Q4. It improved, as 52 investors sold UAL shares while 183 reduced holdings. 70 funds opened positions while 108 raised stakes. 254.22 million shares or 2.29% less from 260.19 million shares in 2017Q4 were reported. Leisure Capital holds 1.35% in United Continental Holdings, Inc. (NYSE:UAL) or 22,176 shares. Clearbridge Investments holds 400 shares. Shell Asset Management has invested 0.02% in United Continental Holdings, Inc. (NYSE:UAL). Convergence Prtn Limited Liability Corp holds 1,155 shares or 0.01% of its portfolio. Moreover, Texas Permanent School Fund has 0.06% invested in United Continental Holdings, Inc. (NYSE:UAL) for 62,527 shares. Bnp Paribas Asset Mngmt Holdings Sa reported 23,017 shares. California-based Aperio Grp Limited Liability Com has invested 0.05% in United Continental Holdings, Inc. (NYSE:UAL). Cwm owns 171 shares or 0% of their US portfolio. Vanguard Gp reported 0.06% in United Continental Holdings, Inc. (NYSE:UAL). Pinnacle Assoc Ltd holds 0.03% in United Continental Holdings, Inc. (NYSE:UAL) or 19,364 shares. Zeke Cap Advisors Ltd Liability invested 0.03% in United Continental Holdings, Inc. (NYSE:UAL). Avalon Ltd Liability Company accumulated 75,007 shares. Pub Employees Retirement Association Of Colorado owns 20,760 shares or 0.01% of their US portfolio. Employees Retirement Of Texas stated it has 0.04% in United Continental Holdings, Inc. (NYSE:UAL). Pitcairn holds 0.08% of its portfolio in United Continental Holdings, Inc. (NYSE:UAL) for 10,262 shares.

Since March 14, 2018, it had 3 insider buys, and 2 insider sales for $6.36 million activity. 25,000 shares valued at $1.73M were bought by SHAPIRO EDWARD on Thursday, June 7.

More notable recent United Continental Holdings, Inc. (NYSE:UAL) news were published by: Benzinga.com which released: “Wall Street Subdued As Trump-Kim Summit Statement Light On Details” on June 12, 2018, also Bizjournals.com with their article: “United Airlines giving passengers early taste of Premium Plus” published on June 14, 2018, Bizjournals.com published: “Southwest, Delta respond to Dallas’ proposal to solve Love Field dispute” on June 14, 2018. More interesting news about United Continental Holdings, Inc. (NYSE:UAL) were released by: 247Wallst.com and their article: “United Airlines Battles With Kitchen Workers Over Union Representation” published on May 31, 2018 as well as Fool.com‘s news article titled: “United Continental’s CFO Departure: A Warning Sign for Investors” with publication date: May 21, 2018.

Among 23 analysts covering United Continental (NYSE:UAL), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. United Continental had 109 analyst reports since July 24, 2015 according to SRatingsIntel. Buckingham Research maintained the shares of UAL in report on Wednesday, January 24 with “Buy” rating. The rating was maintained by Cowen & Co on Friday, December 8 with “Hold”. Credit Suisse maintained United Continental Holdings, Inc. (NYSE:UAL) on Tuesday, April 12 with “Outperform” rating. Citigroup maintained the shares of UAL in report on Thursday, July 13 with “Neutral” rating. Stephens initiated the stock with “Equal-Weight” rating in Tuesday, March 29 report. The firm earned “Buy” rating on Sunday, August 20 by Stifel Nicolaus. The stock of United Continental Holdings, Inc. (NYSE:UAL) earned “Hold” rating by Cowen & Co on Monday, August 14. As per Wednesday, April 18, the company rating was maintained by Cowen & Co. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, July 20. The firm earned “Neutral” rating on Thursday, October 19 by Citigroup.

Advisory Services Network Llc, which manages about $620.88 million and $1.25 billion US Long portfolio, decreased its stake in Select Sector Spdr Tr (XLU) by 11,676 shares to 17,852 shares, valued at $902,000 in 2018Q1, according to the filing. It also reduced its holding in Cerner Corp (NASDAQ:CERN) by 5,731 shares in the quarter, leaving it with 3,333 shares, and cut its stake in Fidelity (FSTA).

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Underperform” rating by Macquarie Research on Tuesday, August 25. As per Wednesday, December 6, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, July 18 by RBC Capital Markets. The firm has “Buy” rating given on Friday, July 7 by Jefferies. On Monday, August 24 the stock rating was upgraded by KBW to “Outperform”. The firm has “Outperform” rating given on Friday, January 29 by CLSA. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, April 12. The company was maintained on Tuesday, December 12 by Keefe Bruyette & Woods. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Jefferies on Tuesday, July 21. The firm earned “Buy” rating on Tuesday, October 3 by Keefe Bruyette & Woods.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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