Invesco Ltd. Reduces Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Invesco Ltd. cut its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 42.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,696,798 shares of the transportation company's stock after selling 2,696,201 shares during the quarter. Invesco Ltd. owned 1.12% of United Airlines worth $358,959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UAL. Proficio Capital Partners LLC purchased a new position in United Airlines in the fourth quarter worth approximately $137,000. Longbow Finance SA acquired a new stake in shares of United Airlines in the 4th quarter valued at $9,359,000. KBC Group NV purchased a new stake in shares of United Airlines during the 4th quarter worth $485,000. Bleakley Financial Group LLC grew its stake in shares of United Airlines by 293.7% during the fourth quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company's stock worth $2,278,000 after purchasing an additional 17,499 shares in the last quarter. Finally, Islay Capital Management LLC purchased a new position in United Airlines in the fourth quarter valued at $790,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

Shares of United Airlines stock traded up $1.96 on Tuesday, reaching $67.65. 4,003,074 shares of the stock were exchanged, compared to its average volume of 7,952,303. 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 market capitalization of $22.14 billion, a PE ratio of 7.17, a PEG ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The business has a fifty day moving average price of $82.35 and a two-hundred day moving average price of $87.47.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on UAL. Susquehanna dropped their price objective on United Airlines from $130.00 to $90.00 and set a "positive" rating on the stock in a report on Monday, April 7th. Raymond James downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Jefferies Financial Group reduced 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 report on Tuesday, April 1st. Finally, UBS Group lowered United Airlines from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $107.00 to $59.00 in a report on Monday, April 7th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, United Airlines has a consensus rating of "Moderate Buy" and a consensus price target of $102.01.

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.