United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Interval Partners LP

Interval Partners LP decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 77.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,732 shares of the transportation company’s stock after selling 1,663,872 shares during the quarter. Interval Partners LP owned about 0.15% of United Airlines worth $24,074,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC lifted its stake in shares of United Airlines by 148.2% during the second quarter. Frank Rimerman Advisors LLC now owns 5,881 shares of the transportation company’s stock worth $286,000 after buying an additional 3,512 shares during the period. ProShare Advisors LLC lifted its position in United Airlines by 99.1% during the 2nd quarter. ProShare Advisors LLC now owns 151,802 shares of the transportation company’s stock worth $7,387,000 after acquiring an additional 75,541 shares during the period. Sei Investments Co. grew its stake in United Airlines by 1.7% during the 2nd quarter. Sei Investments Co. now owns 146,621 shares of the transportation company’s stock valued at $7,135,000 after purchasing an additional 2,471 shares during the last quarter. Kendall Capital Management purchased a new stake in United Airlines during the 2nd quarter valued at about $247,000. Finally, Beck Bode LLC acquired a new position in shares of United Airlines in the second quarter valued at about $6,121,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Performance

NASDAQ:UAL opened at $52.17 on Monday. The company’s 50-day moving average is $44.98 and its two-hundred day moving average is $47.57. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 1.08 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $56.17.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The firm had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.04 billion. During the same period last year, the company earned $5.03 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts forecast that United Airlines Holdings, Inc. will post 9.73 EPS for the current year.

Analysts Set New Price Targets

UAL has been the topic of a number of recent research reports. TD Cowen upped their target price on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and upped their price objective for the company from $54.00 to $65.00 in a report on Wednesday, May 29th. Citigroup increased their price objective on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Redburn Atlantic upgraded shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Thursday, June 6th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, United Airlines presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.68.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.