Mount Lucas Management LP decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 8.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,560 shares of the transportation company's stock after selling 3,931 shares during the period. United Airlines makes up about 1.4% of Mount Lucas Management LP's holdings, making the stock its 9th biggest holding. Mount Lucas Management LP's holdings in United Airlines were worth $4,133,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. US Bancorp DE raised its holdings in United Airlines by 13.2% during the 3rd quarter. US Bancorp DE now owns 11,961 shares of the transportation company's stock valued at $682,000 after buying an additional 1,391 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in United Airlines by 13.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company's stock worth $94,000 after purchasing an additional 189 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in United Airlines by 1.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company's stock worth $1,278,000 after purchasing an additional 248 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in United Airlines by 22.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 6,487 shares of the transportation company's stock worth $370,000 after purchasing an additional 1,194 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in United Airlines in the 3rd quarter worth $240,000. Hedge funds and other institutional investors own 69.69% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Dbs Bank upgraded shares of United Airlines from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Barclays set a $140.00 price target on shares of United Airlines and gave the stock an "overweight" rating in a research note on Wednesday. UBS Group increased their price target on shares of United Airlines from $139.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Finally, Susquehanna reiterated a "hold" rating on shares of United Airlines in a research note on Tuesday, February 25th. Two equities 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 company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $114.95.
Check Out Our Latest Report on UAL
United Airlines Stock Performance
Shares of UAL traded down $3.60 on Wednesday, reaching $72.46. The company's stock had a trading volume of 12,716,314 shares, compared to its average volume of 7,633,169. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a market capitalization of $23.72 billion, a P/E ratio of 7.68, a PEG ratio of 0.67 and a beta of 1.41. The stock's 50 day simple moving average is $100.39 and its two-hundred day simple moving average is $83.93. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last posted 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. The company had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 earnings per share. Research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.
About United Airlines
(
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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