New Mexico Educational Retirement Board lowered its holdings in United Continental Holdings Inc (NASDAQ:UAL) by 2.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,100 shares of the transportation company’s stock after selling 400 shares during the period. New Mexico Educational Retirement Board’s holdings in United Continental were worth $1,524,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of UAL. Stone House Investment Management LLC purchased a new position in United Continental in the first quarter valued at about $30,000. Raymond James Trust N.A. acquired a new stake in United Continental during the first quarter valued at approximately $210,000. Beech Hill Advisors Inc. raised its stake in United Continental by 26.4% during the first quarter. Beech Hill Advisors Inc. now owns 4,075 shares of the transportation company’s stock valued at $325,000 after buying an additional 850 shares in the last quarter. Virtu Financial LLC acquired a new stake in United Continental during the first quarter valued at approximately $332,000. Finally, MML Investors Services LLC raised its stake in United Continental by 8.1% during the fourth quarter. MML Investors Services LLC now owns 4,486 shares of the transportation company’s stock valued at $376,000 after buying an additional 336 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.
Shares of United Continental stock opened at $88.28 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.47 and a current ratio of 0.54. The company has a market cap of $23.33 billion, a PE ratio of 9.67, a P/E/G ratio of 0.40 and a beta of 0.96. United Continental Holdings Inc has a twelve month low of $65.45 and a twelve month high of $97.85.
Several analysts have issued reports on UAL shares. Zacks Investment Research restated a “buy” rating and set a $97.00 price objective on shares of United Continental in a research note on Monday, December 31st. Vertical Research started coverage on United Continental in a research note on Monday, February 4th. They set a “buy” rating and a $103.00 price objective on the stock. Argus started coverage on United Continental in a research note on Wednesday, January 30th. They set a “buy” rating and a $101.00 price objective on the stock. Macquarie set a $111.00 price objective on United Continental and gave the company a “buy” rating in a research note on Tuesday, January 29th. Finally, Buckingham Research upped their price objective on United Continental from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.41.
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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