Neville Rodie & Shaw Inc. Reduces Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Neville Rodie & Shaw Inc. decreased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 8.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,550 shares of the transportation company’s stock after selling 500 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in United Airlines were worth $383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sanders Capital LLC boosted its position in shares of United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock valued at $1,344,671,000 after acquiring an additional 4,390,721 shares during the last quarter. Boston Partners acquired a new stake in shares of United Airlines during the 4th quarter worth approximately $323,508,000. FMR LLC raised its position in shares of United Airlines by 70.9% during the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company’s stock valued at $705,798,000 after buying an additional 3,015,979 shares during the period. Senator Investment Group LP lifted its holdings in United Airlines by 214.8% in the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company’s stock valued at $316,648,000 after acquiring an additional 2,225,000 shares during the last quarter. Finally, Capital World Investors increased its stake in United Airlines by 22.4% during the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock worth $950,461,000 after acquiring an additional 1,791,654 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UAL. Barclays lowered their price target on United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research report on Tuesday, May 13th. Bank of America lowered their price objective on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Cantor Fitzgerald set a $88.00 target price on United Airlines in a research report on Tuesday, April 22nd. Finally, Susquehanna lowered their price target on United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, United Airlines has a consensus rating of “Buy” and a consensus price target of $102.33.

United Airlines Stock Performance

Shares of United Airlines stock opened at $78.57 on Friday. The business has a 50-day simple moving average of $71.02 and a 200-day simple moving average of $87.75. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The company has a market cap of $25.66 billion, a PE ratio of 8.33, a P/E/G ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS 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.