Silvercrest Asset Management Group LLC Has $1.24 Million Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Silvercrest Asset Management Group LLC lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 28.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,759 shares of the transportation company’s stock after selling 5,176 shares during the period. Silvercrest Asset Management Group LLC’s holdings in United Airlines were worth $1,239,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of Jackson Hole Trust bought a new position in shares of United Airlines during the 4th quarter worth approximately $25,000. Hemington Wealth Management lifted its position in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of United Airlines during the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new position in shares of United Airlines during the 4th quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc lifted its position 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 buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Trading Down 2.9%

Shares of UAL stock opened at $76.33 on Wednesday. The company’s fifty day simple moving average is $70.81 and its two-hundred day simple moving average is $88.18. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The stock has a market capitalization of $24.93 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $13.47 billion. As a group, analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on UAL shares. Bank of America dropped their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. UBS Group raised shares of United Airlines from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $105.00 in a research report on Monday. Barclays dropped their target price on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. TD Cowen lifted their target price on shares of United Airlines from $73.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of United Airlines in a report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $102.33.

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.