Hara Capital LLC Lowers Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Hara Capital LLC decreased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 51.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,428 shares of the transportation company’s stock after selling 16,080 shares during the period. United Airlines comprises approximately 1.0% of Hara Capital LLC’s investment portfolio, making the stock its 25th largest holding. Hara Capital LLC’s holdings in United Airlines were worth $1,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its position in shares of United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after buying an additional 78,470 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares in the last quarter. MidWestOne Financial Group Inc. lifted its holdings in United Airlines by 28.0% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after purchasing an additional 11,743 shares in the last quarter. KBC Group NV purchased a new position in United Airlines in the 4th quarter valued at $485,000. Finally, Aigen Investment Management LP lifted its holdings in United Airlines by 87.2% in the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock valued at $1,079,000 after purchasing an additional 8,808 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UAL shares. Morgan Stanley raised their price objective on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. TD Cowen raised their price objective on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Melius Research raised United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Susquehanna raised their target price on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $113.88.

United Airlines Stock Up 3.3 %

Shares of NASDAQ:UAL opened at $104.26 on Tuesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market capitalization of $34.29 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The firm’s 50-day moving average is $102.34 and its two-hundred day moving average is $77.79. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.00 earnings per share. Analysts predict that United Airlines Holdings, Inc. will post 13.09 EPS for the current 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.