V Square Quantitative Management LLC Cuts Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

V Square Quantitative Management LLC lowered its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,890 shares of the transportation company’s stock after selling 637 shares during the period. V Square Quantitative Management LLC’s holdings in United Airlines were worth $669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of United Airlines by 79.5% during the third quarter. CWM LLC now owns 13,607 shares of the transportation company’s stock worth $776,000 after purchasing an additional 6,027 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of United Airlines in the third quarter valued at approximately $344,000. Creative Planning increased its position in shares of United Airlines by 16.5% in the third quarter. Creative Planning now owns 132,807 shares of the transportation company’s stock valued at $7,578,000 after buying an additional 18,767 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of United Airlines by 19.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,928 shares of the transportation company’s stock valued at $338,000 after buying an additional 982 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UAL shares. Jefferies Financial Group boosted their price objective on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Raymond James reissued an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. TD Cowen upped their price target on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Morgan Stanley upped their price target on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Barclays upped their price target on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $113.88.

United Airlines Stock Performance

NASDAQ:UAL opened at $104.26 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a 50 day moving average of $102.26 and a 200-day moving average of $76.95. 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 $34.29 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.00 EPS. As a group, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

Insider Buying and Selling

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the sale, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is currently owned by company insiders.

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.