Nuveen Asset Management LLC Sells 47,490 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Nuveen Asset Management LLC trimmed its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 860,242 shares of the transportation company’s stock after selling 47,490 shares during the quarter. Nuveen Asset Management LLC owned about 0.26% of United Airlines worth $83,529,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Numerai GP LLC boosted its position in United Airlines by 53.2% in the fourth quarter. Numerai GP LLC now owns 26,389 shares of the transportation company’s stock worth $2,562,000 after purchasing an additional 9,162 shares during the last quarter. Mubadala Investment Co PJSC purchased a new position in United Airlines in the fourth quarter worth about $4,690,000. Moore Capital Management LP purchased a new position in United Airlines in the fourth quarter worth about $4,440,000. Leigh Baldwin & CO. LLC purchased a new position in United Airlines in the fourth quarter worth about $29,130,000. Finally, LMR Partners LLP lifted its position in shares of United Airlines by 56.1% during the 4th quarter. LMR Partners LLP now owns 20,497 shares of the transportation company’s stock valued at $1,990,000 after buying an additional 7,370 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Up 1.8%

NASDAQ UAL opened at $77.93 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock’s 50 day moving average is $70.56 and its 200 day moving average is $88.20. The stock has a market cap of $25.45 billion, a PE ratio of 8.26, a P/E/G ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL) 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. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. Research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of analyst reports. Evercore ISI lowered their price objective on United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Bank of America lowered their price objective on United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Jefferies Financial Group lowered their price objective on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Cowen reaffirmed a “buy” rating on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, Susquehanna lowered their price objective on United Airlines from $90.00 to $81.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, United Airlines currently has a consensus rating of “Buy” and a consensus target price of $99.80.

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.