Slate Path Capital LP Has $195.15 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Slate Path Capital LP cut its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 64.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,009,828 shares of the transportation company's stock after selling 3,723,004 shares during the quarter. United Airlines accounts for about 3.6% of Slate Path Capital LP's portfolio, making the stock its 8th largest position. Slate Path Capital LP owned about 0.61% of United Airlines worth $195,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Anomaly Capital Management LP boosted its stake in United Airlines by 63.6% during the 4th quarter. Anomaly Capital Management LP now owns 625,116 shares of the transportation company's stock valued at $60,699,000 after purchasing an additional 243,046 shares during the last quarter. Susquehanna Advisors Group Inc. bought a new stake in United Airlines in the 4th quarter valued at about $173,211,000. SRS Investment Management LLC lifted its stake in shares of United Airlines by 55.4% during the 4th quarter. SRS Investment Management LLC now owns 2,901,113 shares of the transportation company's stock valued at $281,698,000 after buying an additional 1,034,600 shares in the last quarter. IHT Wealth Management LLC purchased a new position in shares of United Airlines in the fourth quarter valued at $218,000. Finally, Senator Investment Group LP grew its stake in United Airlines by 214.8% during the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock valued at $316,648,000 after acquiring an additional 2,225,000 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UAL has been the topic of a number of research analyst reports. Bank of America reduced their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. upped 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 dropped their target price 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. Barclays dropped their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Evercore ISI decreased their target price on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $97.14.

United Airlines Stock Performance

NASDAQ:UAL traded up $1.02 during trading hours on Thursday, reaching $69.05. 7,006,337 shares of the company's stock were exchanged, compared to its average volume of 7,553,603. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a 50-day moving average of $76.25 and a 200 day moving average of $87.60. The firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. Research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.