E&G Advisors LP Reduces Holdings in United Continental Holdings Inc (NASDAQ:UAL)

E&G Advisors LP lessened its stake in shares of United Continental Holdings Inc (NASDAQ:UAL) by 20.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,900 shares of the transportation company’s stock after selling 2,300 shares during the period. E&G Advisors LP’s holdings in United Continental were worth $779,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Pinnacle Financial Partners Inc. purchased a new position in United Continental during the first quarter valued at approximately $25,000. Shelton Capital Management purchased a new position in United Continental during the first quarter valued at approximately $26,000. Stone House Investment Management LLC purchased a new position in United Continental during the first quarter valued at approximately $30,000. Quadrant Capital Group LLC increased its holdings in United Continental by 202.8% during the first quarter. Quadrant Capital Group LLC now owns 1,196 shares of the transportation company’s stock valued at $93,000 after buying an additional 801 shares during the period. Finally, Winslow Evans & Crocker Inc. increased its holdings in United Continental by 32.1% during the first quarter. Winslow Evans & Crocker Inc. now owns 2,158 shares of the transportation company’s stock valued at $174,000 after buying an additional 524 shares during the period. 98.16% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on UAL. BidaskClub lowered shares of United Continental from a “hold” rating to a “sell” rating in a report on Friday, August 16th. Goldman Sachs Group raised shares of United Continental from a “neutral” rating to a “buy” rating and set a $108.00 price objective on the stock in a report on Thursday, June 6th. Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Friday, August 16th. Buckingham Research lifted their price target on shares of United Continental from $111.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, Morgan Stanley raised shares of United Continental from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $101.00 to $110.00 in a report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.12.

In other news, Director Edward Shapiro acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $82.00 per share, for a total transaction of $820,000.00. Following the completion of the transaction, the director now owns 182,707 shares in the company, valued at approximately $14,981,974. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gregory L. Hart sold 5,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $93.48, for a total transaction 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.

NASDAQ:UAL opened at $85.56 on Friday. United Continental Holdings Inc has a 12 month low of $77.02 and a 12 month high of $97.85. The business’s fifty day moving average is $89.58. The company has a quick ratio of 0.49, a current ratio of 0.55 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $22.00 billion, a P/E ratio of 9.37, a P/E/G ratio of 0.33 and a beta of 1.16.

United Continental (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.07 by $0.14. The business had revenue of $11.40 billion during the quarter, compared to the consensus estimate of $11.37 billion. United Continental had a net margin of 6.22% and a return on equity of 29.33%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.23 earnings per share. As a group, research analysts forecast that United Continental Holdings Inc will post 11.66 earnings per share for the current fiscal year.

About United Continental

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.

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

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