Candlestick Capital Management LP Lowers Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Candlestick Capital Management LP lessened its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 41.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,822,467 shares of the transportation company’s stock after selling 1,963,772 shares during the period. United Airlines makes up about 6.3% of Candlestick Capital Management LP’s portfolio, making the stock its 2nd largest holding. Candlestick Capital Management LP owned approximately 0.86% of United Airlines worth $274,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of Jackson Hole Trust bought a new stake in shares of United Airlines in the fourth quarter worth $25,000. Hemington Wealth Management increased its stake 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 buying an additional 131 shares during the period. Roxbury Financial LLC bought a new position in shares of United Airlines during the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new position in shares of United Airlines in the fourth quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc increased its position in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 135 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Down 1.2 %

Shares of UAL stock opened at $68.20 on Monday. The business has a 50-day moving average price of $75.55 and a two-hundred day moving average price of $88.04. The firm has a market cap of $22.27 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month 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.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. Equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Evercore ISI decreased their target price on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Cowen reiterated a “buy” rating on shares of United Airlines in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Susquehanna dropped their price objective on United Airlines from $90.00 to $81.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. Finally, Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $96.60.

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.