JustInvest LLC Sells 4,431 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

JustInvest LLC trimmed its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 38.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,122 shares of the transportation company’s stock after selling 4,431 shares during the period. JustInvest LLC’s holdings in United Airlines were worth $339,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Ieq Capital LLC lifted its stake in shares of United Airlines by 79.4% during the 3rd quarter. Ieq Capital LLC now owns 7,685 shares of the transportation company’s stock worth $365,000 after acquiring an additional 3,402 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new stake in United Airlines during the 3rd quarter valued at $229,000. Mackenzie Financial Corp raised its position in United Airlines by 37.9% during the 3rd quarter. Mackenzie Financial Corp now owns 21,403 shares of the transportation company’s stock valued at $1,018,000 after purchasing an additional 5,883 shares in the last quarter. U S Global Investors Inc. raised its position in United Airlines by 12.1% during the 3rd quarter. U S Global Investors Inc. now owns 7,675,045 shares of the transportation company’s stock valued at $365,102,000 after purchasing an additional 831,326 shares in the last quarter. Finally, Duality Advisers LP raised its position in United Airlines by 943.5% during the 3rd quarter. Duality Advisers LP now owns 91,099 shares of the transportation company’s stock valued at $4,334,000 after purchasing an additional 82,369 shares in the last quarter. 58.13% of the stock is owned by institutional investors and hedge funds.

Shares of UAL stock opened at $46.74 on Friday. The stock’s 50-day moving average is $45.39 and its two-hundred day moving average is $46.84. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of -4.42 and a beta of 1.48. United Airlines Holdings, Inc. has a 1 year low of $38.88 and a 1 year high of $63.70. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.31 and a current ratio of 1.36.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Monday, October 18th. The transportation company reported ($1.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.65) by $0.63. United Airlines had a negative return on equity of 112.46% and a negative net margin of 16.19%. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter last year, the company posted ($8.16) earnings per share. The business’s revenue was up 211.4% on a year-over-year basis. As a group, research analysts predict that United Airlines Holdings, Inc. will post -14.55 EPS for the current year.

Several brokerages recently weighed in on UAL. Cowen boosted their target price on United Airlines from $72.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, October 21st. Barclays decreased their price objective on United Airlines from $58.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday. MKM Partners raised United Airlines from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Monday, January 3rd. Susquehanna Bancshares raised United Airlines from a “neutral” rating to a “positive” rating and set a $60.00 price target for the company in a report on Thursday. Finally, Susquehanna raised United Airlines from a “neutral” rating to a “positive” rating and upped their price target for the stock from $50.00 to $60.00 in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.92.

United Airlines Profile

United Airlines Holdings, Inc is a holding company, which offers satellite based Wi-Fi, including on long-haul overseas routes. It transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. UAL, through United and its regional carriers.

See Also: Moving Average Convergence Divergence (MACD)

Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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.