Perigon Wealth Management LLC Sells 7,402 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Perigon Wealth Management LLC cut its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 67.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,512 shares of the transportation company's stock after selling 7,402 shares during the quarter. Perigon Wealth Management LLC's holdings in United Airlines were worth $243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UAL. Proficio Capital Partners LLC bought a new position in United Airlines in the 4th quarter worth approximately $137,000. Generate Investment Management Ltd acquired a new stake in shares of United Airlines in the 1st quarter valued at $10,773,000. Exchange Traded Concepts LLC boosted its stake in United Airlines by 132.9% in the first quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock worth $518,000 after purchasing an additional 4,281 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of United Airlines by 7,225.9% in the first quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock valued at $24,898,000 after buying an additional 355,657 shares during the last quarter. Finally, Czech National Bank raised its stake in shares of United Airlines by 5.9% in the first quarter. Czech National Bank now owns 75,537 shares of the transportation company's stock worth $5,216,000 after acquiring an additional 4,230 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

Shares of UAL traded up $0.96 during midday trading on Wednesday, hitting $81.01. The company's stock had a trading volume of 5,395,766 shares, compared to its average volume of 7,663,388. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.93. United Airlines Holdings Inc has a one year low of $37.02 and a one year high of $116.00. The stock has a market capitalization of $26.46 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 1.27 and a beta of 1.42. The company's fifty day simple moving average is $76.54 and its two-hundred day simple moving average is $85.01.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The business had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. As a group, equities analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UAL shares. Jefferies Financial Group cut their price target on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Wall Street Zen lowered United Airlines from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Barclays lowered their target price on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Cowen reissued a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $104.64.

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.