ACT Wealth Management LLC Lowers Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

ACT Wealth Management LLC decreased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 24.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,175 shares of the transportation company’s stock after selling 1,000 shares during the quarter. ACT Wealth Management LLC’s holdings in United Airlines were worth $219,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in United Airlines during the fourth quarter valued at about $25,000. Hemington Wealth Management lifted its position in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Capital A Wealth Management LLC purchased a new position in shares of United Airlines in the fourth quarter valued at about $31,000. Whipplewood Advisors LLC purchased a new position in shares of United Airlines in the fourth quarter valued at about $32,000. Finally, Roxbury Financial LLC purchased a new position in shares of United Airlines in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. TD Cowen boosted their target price on United Airlines from $73.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Wall Street Zen upgraded United Airlines from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 30th. Raymond James downgraded United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Evercore ISI cut their target price on United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, Jefferies Financial Group dropped their price objective 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. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $102.33.

United Airlines Stock Performance

Shares of UAL opened at $80.35 on Friday. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock has a fifty day moving average price of $71.69 and a 200-day moving average price of $87.42. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market cap of $26.24 billion, a PE ratio of 8.52, a P/E/G ratio of 0.67 and a beta of 1.45.

United Airlines (NASDAQ:UAL) last issued its earnings results 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 company had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. Equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

United Airlines 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.