Cinctive Capital Management LP Sells 206,011 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Cinctive Capital Management LP cut its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 63.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,449 shares of the transportation company's stock after selling 206,011 shares during the quarter. Cinctive Capital Management LP's holdings in United Airlines were worth $11,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of Jackson Hole Trust acquired a new stake in United Airlines during the 4th quarter valued at approximately $25,000. Hemington Wealth Management raised its position in shares of United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of United Airlines in the 4th quarter valued at about $32,000. Whipplewood Advisors LLC bought a new stake in United Airlines in the fourth quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc boosted 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 buying an additional 135 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

United Airlines Stock Down 1.0 %

UAL traded down $0.60 during mid-day trading on Monday, reaching $57.07. 7,313,948 shares of the stock were exchanged, compared to its average volume of 8,127,355. The company has a 50 day moving average price of $89.38 and a two-hundred day moving average price of $87.21. The stock has a market capitalization of $18.68 billion, a PE ratio of 6.06, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00.

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United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the firm posted $2.00 EPS. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analysts Forecast Growth

UAL has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Jefferies Financial Group decreased their price target on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Bank of America cut their price objective 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. Barclays set a $140.00 target price on United Airlines and gave the company an "overweight" rating in a research report on Wednesday, March 12th. Finally, TD Cowen increased 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. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $105.21.

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.