L & S Advisors Inc bought a new position in shares of United Continental Holdings Inc (NASDAQ:UAL) during the 2nd quarter, HoldingsChannel reports. The firm bought 39,199 shares of the transportation company’s stock, valued at approximately $3,432,000.

Other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in United Continental by 1.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 26,437 shares of the transportation company’s stock worth $2,315,000 after buying an additional 372 shares during the last quarter. Teza Capital Management LLC purchased a new position in United Continental during the 2nd quarter worth $260,000. Artemis Investment Management LLP grew its stake in United Continental by 9.5% during the 2nd quarter. Artemis Investment Management LLP now owns 380,125 shares of the transportation company’s stock worth $33,224,000 after buying an additional 32,936 shares during the last quarter. Partners Capital Investment Group LLP grew its stake in United Continental by 9.0% during the 2nd quarter. Partners Capital Investment Group LLP now owns 68,488 shares of the transportation company’s stock worth $5,996,000 after buying an additional 5,677 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its stake in United Continental by 11.9% during the 1st quarter. State of Tennessee Treasury Department now owns 174,659 shares of the transportation company’s stock worth $13,935,000 after buying an additional 18,559 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Shares of UAL stock traded up $0.98 on Friday, hitting $90.36. The company had a trading volume of 26,016 shares, compared to its average volume of 2,291,037. The firm has a market cap of $22.50 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 0.34 and a beta of 1.20. The company has a 50-day moving average price of $86.59 and a 200-day moving average price of $85.61. The company has a quick ratio of 0.49, a current ratio of 0.55 and a debt-to-equity ratio of 1.76. United Continental Holdings Inc has a twelve month low of $77.02 and a twelve month high of $97.85.

United Continental (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.07 by $0.14. The business had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.37 billion. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.23 EPS. Equities research analysts expect that United Continental Holdings Inc will post 11.72 EPS for the current year.

In related news, Director Carolyn Corvi sold 1,032 shares of United Continental stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $86.37, for a total value of $89,133.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gregory L. Hart sold 5,000 shares of United Continental stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $93.48, for a total value of $467,400.00. Following the completion of the transaction, the chief operating officer now owns 17,087 shares of the company’s stock, valued at approximately $1,597,292.76. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

UAL has been the topic of several research analyst reports. Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Friday, August 16th. Berenberg Bank initiated coverage on United Continental in a research note on Friday, September 6th. They set a “hold” rating and a $95.00 target price on the stock. Morgan Stanley upgraded United Continental from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $101.00 to $110.00 in a research note on Monday, May 20th. BidaskClub upgraded United Continental from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Goldman Sachs Group raised United Continental from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $101.72.

United Continental Profile

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

Featured Story: What is the NASDAQ Stock Market?

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Continental Holdings Inc (NASDAQ:UAL).

Institutional Ownership by Quarter for United Continental (NASDAQ:UAL)

Receive News & Ratings for United Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental and related companies with MarketBeat.com's FREE daily email newsletter.