Point72 Asset Management L.P. Lowers Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Point72 Asset Management L.P. cut its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 65.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 551,933 shares of the transportation company’s stock after selling 1,052,199 shares during the quarter. Point72 Asset Management L.P. owned 0.17% of United Airlines worth $53,593,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Diversify Advisory Services LLC raised its position in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after acquiring an additional 101 shares during the period. Wahed Invest LLC raised its stake in United Airlines by 5.4% in the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company’s stock valued at $204,000 after purchasing an additional 108 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of United Airlines by 2.0% during the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock worth $631,000 after buying an additional 129 shares in the last quarter. Hemington Wealth Management grew its stake in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in shares of United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of recent analyst reports. TD Cowen raised their price target on shares of United Airlines from $73.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Bank of America lowered their price target on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Evercore ISI lowered their price target on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Sanford C. Bernstein restated an “outperform” rating on shares of United Airlines in a report on Tuesday. Finally, Morgan Stanley upped their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $98.31.

United Airlines Trading Down 3.1%

UAL opened at $76.54 on Friday. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock has a market capitalization of $25.00 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.67 and a beta of 1.39. 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 business has a fifty day moving average price of $70.52 and a 200 day moving average price of $88.14.

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

United Airlines Company Profile

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.