Candriam S.C.A. cut its position in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 37.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,595 shares of the transportation company’s stock after selling 3,312 shares during the quarter. Candriam S.C.A.’s holdings in United Airlines were worth $446,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Bison Wealth LLC purchased a new stake in United Airlines in the 4th quarter worth approximately $246,000. Larson Financial Group LLC grew its position in shares of United Airlines by 23.2% in the first quarter. Larson Financial Group LLC now owns 1,370 shares of the transportation company’s stock valued at $95,000 after purchasing an additional 258 shares during the period. Private Advisor Group LLC increased its stake in United Airlines by 14.7% in the first quarter. Private Advisor Group LLC now owns 13,271 shares of the transportation company’s stock valued at $916,000 after purchasing an additional 1,699 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in United Airlines by 4.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 25,371 shares of the transportation company’s stock valued at $1,752,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. lifted its position in United Airlines by 1,049.3% during the first quarter. Peregrine Asset Advisers Inc. now owns 56,580 shares of the transportation company’s stock worth $3,907,000 after buying an additional 51,657 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.
United Airlines Trading Down 5.3%
Shares of UAL opened at $89.95 on Tuesday. The stock’s 50-day moving average is $99.07 and its two-hundred day moving average is $90.88. The stock has a market cap of $29.12 billion, a PE ratio of 9.01, a P/E/G ratio of 0.89 and a beta of 1.45. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.67 and a quick ratio of 0.61. United Airlines Holdings Inc has a 12 month low of $52.00 and a 12 month high of $116.00.
Analysts Set New Price Targets
UAL has been the subject of several recent analyst reports. Susquehanna lifted their price target on United Airlines from $109.00 to $115.00 and gave the company a “positive” rating in a report on Friday, October 3rd. Cowen reaffirmed a “buy” rating on shares of United Airlines in a research report on Monday, October 20th. Jefferies Financial Group increased their price target on shares of United Airlines from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Weiss Ratings cut shares of United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, TD Cowen upped their price objective on United Airlines from $127.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $125.38.
Get Our Latest Research Report on UAL
United Airlines 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.
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