Highland Peak Capital LLC lowered its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 174,896 shares of the transportation company's stock after selling 111,214 shares during the period. United Airlines comprises approximately 9.3% of Highland Peak Capital LLC's investment portfolio, making the stock its 2nd biggest position. Highland Peak Capital LLC owned approximately 0.05% of United Airlines worth $16,982,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of UAL. Castle Hook Partners LP raised its position in United Airlines by 176.1% during the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock worth $242,227,000 after acquiring an additional 2,707,442 shares during the period. Rubric Capital Management LP purchased a new position in United Airlines in the 3rd quarter valued at about $63,486,000. Sanders Capital LLC boosted its holdings in United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock worth $539,650,000 after buying an additional 1,040,589 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock worth $177,604,000 after buying an additional 908,558 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of United Airlines by 1,492.8% during the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company's stock valued at $88,557,000 after acquiring an additional 854,759 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently commented on UAL. TD Cowen boosted their price target on United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Barclays boosted their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Morgan Stanley increased their price objective on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $113.88.
Get Our Latest Analysis on UAL
United Airlines Stock Down 2.0 %
Shares of United Airlines stock traded down $1.55 during trading hours on Tuesday, hitting $76.07. The company had a trading volume of 14,577,513 shares, compared to its average volume of 7,630,012. The company's 50-day moving average is $101.30 and its two-hundred day moving average is $83.78. The company has a market cap of $24.90 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. 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 (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 earnings per share. Analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.
United Airlines Company Profile
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Free Report)
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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