United Airlines Holdings, Inc. (NASDAQ:UAL) Position Reduced by GMT Capital Corp

GMT Capital Corp trimmed its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 35.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,036,200 shares of the transportation company's stock after selling 571,500 shares during the quarter. United Airlines makes up about 4.9% of GMT Capital Corp's portfolio, making the stock its 6th biggest holding. GMT Capital Corp owned 0.32% of United Airlines worth $100,615,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in UAL. Moody National Bank Trust Division increased its position in shares of United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock valued at $470,000 after buying an additional 98 shares in the last quarter. Diversify Advisory Services LLC grew its position in shares of United Airlines by 2.2% in the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock valued at $508,000 after purchasing an additional 101 shares during the period. Metis Global Partners LLC increased its stake in shares of United Airlines by 2.0% during the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock worth $631,000 after purchasing an additional 129 shares in the last quarter. Hemington Wealth Management increased its stake in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its position 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 purchasing an additional 135 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on UAL. Jefferies Financial Group reduced their target price on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Morgan Stanley raised their price objective on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Evercore ISI lowered their price target on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Susquehanna cut their price objective on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Finally, TD Cowen boosted their target price on United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.14.

United Airlines Trading Up 2.6 %

UAL opened at $66.97 on Wednesday. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The business has a fifty day simple moving average of $77.68 and a 200-day simple moving average of $87.66. The firm has a market cap of $21.95 billion, a P/E ratio of 7.10, a P/E/G ratio of 0.67 and a beta of 1.19.

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

United Airlines 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.

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