Short Interest in United Airlines Holdings, Inc. (NASDAQ:UAL) Drops By 19.0%

United Airlines Holdings, Inc. (NASDAQ:UAL) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 12,620,000 shares, a decrease of 19.0% from the June 30th total of 15,580,000 shares. Based on an average daily volume of 7,390,000 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On United Airlines

Several institutional investors and hedge funds have recently made changes to their positions in the company. Interval Partners LP bought a new stake in United Airlines in the 1st quarter worth approximately $103,354,000. U S Global Investors Inc. boosted its stake in shares of United Airlines by 31.9% during the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock worth $171,637,000 after acquiring an additional 1,005,170 shares during the last quarter. Norges Bank purchased a new position in shares of United Airlines during the 4th quarter worth $41,114,000. Dimensional Fund Advisors LP boosted its stake in shares of United Airlines by 24.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock worth $170,974,000 after acquiring an additional 812,257 shares during the last quarter. Finally, Senator Investment Group LP purchased a new position in shares of United Airlines during the 1st quarter worth $35,910,000. Institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on UAL shares. Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and upped their price target for the stock from $54.00 to $65.00 in a report on Wednesday, May 29th. Citigroup increased their target price on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Redburn Atlantic raised United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Thursday, June 6th. TD Cowen increased their target price on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Wolfe Research raised United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and an average price target of $72.20.

United Airlines Trading Down 1.3 %

Shares of United Airlines stock traded down $0.61 during trading on Monday, reaching $46.76. 5,166,921 shares of the stock were exchanged, compared to its average volume of 8,959,520. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. The stock’s fifty day moving average is $49.53 and its 200 day moving average is $46.93. The firm has a market cap of $15.38 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. United Airlines 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 EPS for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same period last year, the business posted $5.03 earnings per share. United Airlines’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts expect that United Airlines will post 9.62 earnings per share for the current fiscal year.

About United Airlines

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.