Yousif Capital Management LLC cut its position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 20.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,484 shares of the transportation company’s stock after selling 8,462 shares during the quarter. Yousif Capital Management LLC’s holdings in United Airlines were worth $3,635,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of UAL. Bison Wealth LLC acquired a new position in United Airlines in the 4th quarter valued at $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in United Airlines by 24.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company’s stock worth $2,753,000 after purchasing an additional 7,713 shares during the last quarter. Focus Partners Wealth grew its position in United Airlines by 92.7% in the 1st quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company’s stock worth $853,000 after purchasing an additional 5,939 shares during the last quarter. First Trust Advisors LP grew its position in United Airlines by 23.5% in the 2nd quarter. First Trust Advisors LP now owns 292,580 shares of the transportation company’s stock worth $23,298,000 after purchasing an additional 55,728 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position in United Airlines by 73.5% in the 2nd quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company’s stock worth $749,000 after purchasing an additional 3,987 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.
United Airlines Price Performance
Shares of United Airlines stock opened at $96.40 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.65. The firm’s 50-day simple moving average is $100.51 and its 200-day simple moving average is $102.48. United Airlines Holdings Inc has a twelve month low of $61.52 and a twelve month high of $119.21. The firm has a market cap of $31.30 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 0.75 and a beta of 1.28.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on UAL shares. Morgan Stanley set a $150.00 price target on shares of United Airlines and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Sanford C. Bernstein restated an “outperform” rating and issued a $136.00 price target on shares of United Airlines in a research report on Tuesday, January 27th. Bank of America lifted their target price on shares of United Airlines from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Wells Fargo & Company decreased their target price on shares of United Airlines from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Finally, Jefferies Financial Group decreased their target price on shares of United Airlines from $148.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $131.19.
Read Our Latest Stock Report on UAL
Insider Activity
In other news, President Brett J. Hart sold 19,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $106.45, for a total transaction of $2,022,550.00. Following the transaction, the president directly owned 264,638 shares in the company, valued at approximately $28,170,715.10. This represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company’s stock.
United Airlines Profile
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
Featured Stories
Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL – Free Report).
Receive News & Ratings for United Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Airlines and related companies with MarketBeat.com's FREE daily email newsletter.
