Dendur Capital LP Trims Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Dendur Capital LP cut its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374,000 shares of the transportation company’s stock after selling 98,000 shares during the period. United Airlines accounts for about 3.7% of Dendur Capital LP’s portfolio, making the stock its 10th biggest position. Dendur Capital LP’s holdings in United Airlines were worth $36,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Moody National Bank Trust Division lifted its stake in United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after purchasing an additional 98 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after acquiring an additional 101 shares during the period. Metis Global Partners LLC grew its position in United Airlines by 2.0% in the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after acquiring an additional 129 shares during the last quarter. Hemington Wealth Management increased its stake in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares during the period. Finally, Bell Investment Advisors Inc lifted its position in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 2.6 %

NASDAQ:UAL opened at $66.97 on Wednesday. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The firm has a 50 day moving average of $77.68 and a 200 day moving average of $87.66.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $13.21 billion during the quarter, compared to analysts’ expectations of $13.47 billion. As a group, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on UAL. Evercore ISI reduced their price target on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group reduced their target price on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Barclays dropped their price objective on United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley lifted their target price on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, UBS Group increased their price target on United Airlines from $59.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Airlines presently has an average rating of “Moderate Buy” and an average target price of $97.14.

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.