United Contl Hldgs (UAL) Shareholder Ionic Capital Management Has Lowered Its Stake by $2.68 Million as Share Value Rose; Andra Ap-Fonden Holds Position in Essex Ppty Tr (ESS)

April 17, 2018 - By Nellie Frank

United Continental Holdings, Inc. (NYSE:UAL) Logo

Bart Baum decreased its stake in United Contl Hldgs Inc (UAL) by 66.67% based on its latest 2017Q4 regulatory filing with the SEC. Ionic Capital Management Llc sold 40,000 shares as the company’s stock rose 1.38% while stock markets declined. The hedge fund run by Bart Baum held 20,000 shares of the transportation company at the end of 2017Q4, valued at $1.35M, down from 60,000 at the end of the previous reported quarter. Ionic Capital Management Llc who had been investing in United Contl Hldgs Inc for a number of months, seems to be less bullish one the $19.20B market cap company. The stock increased 0.18% or $0.12 during the last trading session, reaching $67.43. About 3.76M shares traded. United Continental Holdings, Inc. (NYSE:UAL) has declined 0.28% since April 17, 2017 and is downtrending. It has underperformed by 11.83% the S&P500.

Andra Ap-Fonden increased its stake in Essex Ppty Tr Inc (ESS) by 12.58% based on its latest 2017Q4 regulatory filing with the SEC. Andra Ap-Fonden bought 2,800 shares as the company’s stock declined 2.27% with the market. The institutional investor held 25,065 shares of the consumer services company at the end of 2017Q4, valued at $6.05 million, up from 22,265 at the end of the previous reported quarter. Andra Ap-Fonden who had been investing in Essex Ppty Tr Inc for a number of months, seems to be bullish on the $16.84B market cap company. The stock increased 1.69% or $4.1 during the last trading session, reaching $246.55. About 264,945 shares traded. Essex Property Trust, Inc. (NYSE:ESS) has risen 0.21% since April 17, 2017 and is uptrending. It has underperformed by 11.34% the S&P500.

Ionic Capital Management Llc, which manages about $4.83B and $2.41B US Long portfolio, upped its stake in Mitel Networks Corp (NASDAQ:MITL) by 148,350 shares to 1.23M shares, valued at $10.09 million in 2017Q4, according to the filing. It also increased its holding in Hollyfrontier Corp (Put) (NYSE:HFC) by 25,000 shares in the quarter, for a total of 125,000 shares, and has risen its stake in Exxon Mobil Corp (Put) (NYSE:XOM).

Investors sentiment decreased to 0.66 in 2017 Q4. Its down 0.05, from 0.71 in 2017Q3. It is negative, as 61 investors sold UAL shares while 193 reduced holdings. 64 funds opened positions while 104 raised stakes. 260.19 million shares or 5.52% less from 275.39 million shares in 2017Q3 were reported. Teachers Retirement Systems Of The State Of Kentucky has invested 0.02% in United Continental Holdings, Inc. (NYSE:UAL). Ahl Prtnrs Llp stated it has 0.11% of its portfolio in United Continental Holdings, Inc. (NYSE:UAL). Oakbrook Invests Lc reported 10,150 shares. Moreover, Huntington Retail Bank has 0% invested in United Continental Holdings, Inc. (NYSE:UAL). Pub Sector Pension Inv Board stated it has 0.01% of its portfolio in United Continental Holdings, Inc. (NYSE:UAL). Srb has 0.03% invested in United Continental Holdings, Inc. (NYSE:UAL). Fred Alger Management holds 311 shares. Dnb Asset As accumulated 0.01% or 15,000 shares. San Francisco Sentry (Ca) reported 57 shares. Ksa Capital Mgmt Limited Liability Co holds 1.31% or 10,000 shares. Liberty Mutual Group Asset Management accumulated 10,306 shares or 0.02% of the stock. Moreover, Ontario Teachers Pension Plan Board has 0.03% invested in United Continental Holdings, Inc. (NYSE:UAL) for 31,774 shares. Bridgeway Cap has 973,450 shares for 0.71% of their portfolio. First Personal Fincl invested in 0% or 100 shares. Millennium Ltd invested in 127,989 shares.

Among 23 analysts covering United Continental (NYSE:UAL), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. United Continental had 102 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, August 17. On Friday, January 22 the stock rating was maintained by Cowen & Co with “Outperform”. On Thursday, July 13 the stock rating was maintained by Citigroup with “Neutral”. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, January 10 report. As per Wednesday, January 24, the company rating was maintained by Stephens. Credit Suisse maintained the stock with “Outperform” rating in Friday, January 22 report. The company was maintained on Thursday, September 7 by Cowen & Co. Morgan Stanley maintained the shares of UAL in report on Monday, November 13 with “Equal-Weight” rating. Raymond James upgraded United Continental Holdings, Inc. (NYSE:UAL) on Tuesday, August 30 to “Outperform” rating. Imperial Capital maintained United Continental Holdings, Inc. (NYSE:UAL) rating on Thursday, January 11. Imperial Capital has “Hold” rating and $74.0 target.

Since March 14, 2018, it had 1 insider purchase, and 0 sales for $1.77 million activity.

Among 28 analysts covering Essex Property Trust (NYSE:ESS), 15 have Buy rating, 2 Sell and 11 Hold. Therefore 54% are positive. Essex Property Trust had 93 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, August 4 report. SunTrust downgraded the stock to “Hold” rating in Thursday, May 18 report. Sandler O’Neill maintained the stock with “Hold” rating in Friday, January 12 report. Cantor Fitzgerald maintained Essex Property Trust, Inc. (NYSE:ESS) on Wednesday, February 21 with “Buy” rating. The stock of Essex Property Trust, Inc. (NYSE:ESS) has “Hold” rating given on Friday, July 15 by Evercore. The stock has “Hold” rating by Jefferies on Tuesday, May 30. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, January 9 report. The firm has “Overweight” rating given on Monday, August 21 by Barclays Capital. The company was maintained on Thursday, November 9 by KeyBanc Capital Markets. Barclays Capital maintained the shares of ESS in report on Tuesday, July 19 with “Equalweight” rating.

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.24, from 1.3 in 2017Q3. It fall, as 40 investors sold ESS shares while 124 reduced holdings. 45 funds opened positions while 129 raised stakes. 62.32 million shares or 0.92% less from 62.90 million shares in 2017Q3 were reported. Pacific Heights Asset Limited Co holds 2.37% or 100,000 shares. 98,788 are owned by State Board Of Administration Of Florida Retirement Systems. Aviva Public Ltd Liability Company reported 36,368 shares. Aqr Mgmt Ltd Limited Liability Company accumulated 46,121 shares or 0.01% of the stock. Legal General Gru Public Ltd reported 547,094 shares or 0.1% of all its holdings. Cleararc Cap, Ohio-based fund reported 1,672 shares. Honeywell Incorporated, New Jersey-based fund reported 21,692 shares. Brown Advisory reported 1,176 shares. Connor Clark & Lunn Ltd has 9,050 shares for 0.01% of their portfolio. 31,806 are held by Lasalle Investment Mngmt Secs Ltd Liability. Renaissance Technology Llc holds 0.12% or 464,126 shares in its portfolio. Moreover, Parallax Volatility Advisers Limited Partnership has 0% invested in Essex Property Trust, Inc. (NYSE:ESS) for 8,876 shares. Credit Suisse Ag has 198,662 shares. Northern Trust Corp invested in 0.07% or 1.17M shares. Schwab Charles Investment Mgmt Inc holds 0.12% or 623,547 shares.

Since December 11, 2017, it had 0 buys, and 5 sales for $2.12 million activity. The insider SCHALL MICHAEL J sold 4,801 shares worth $1.19M. $420,308 worth of Essex Property Trust, Inc. (NYSE:ESS) was sold by EUDY JOHN D on Monday, December 11. Shares for $148,296 were sold by Kleiman Angela L. on Monday, December 11. Another trade for 500 shares valued at $111,715 was made by MARTIN GARY P on Monday, February 12.

Andra Ap-Fonden, which manages about $4.40B US Long portfolio, decreased its stake in Digital Rlty Tr Inc (NYSE:DLR) by 7,250 shares to 31,000 shares, valued at $3.53M in 2017Q4, according to the filing. It also reduced its holding in Cae Inc (NYSE:CAE) by 35,900 shares in the quarter, leaving it with 167,300 shares, and cut its stake in Aramark (NYSE:ARMK).

United Continental Holdings, Inc. (NYSE:UAL) Institutional Positions Chart

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