United Airlines Holdings, Inc. (NASDAQ:UAL) Position Trimmed by Dendur Capital LP

Dendur Capital LP reduced its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,000 shares of the transportation company's stock after selling 98,000 shares during the quarter. United Airlines comprises approximately 3.7% of Dendur Capital LP's holdings, making the stock its 10th largest position. Dendur Capital LP owned 0.11% of United Airlines worth $36,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock worth $3,548,797,000 after buying an additional 369,500 shares during the last quarter. Capital International Investors increased its position in shares of United Airlines by 6.3% during the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock valued at $2,064,825,000 after acquiring an additional 1,257,443 shares in the last quarter. Sanders Capital LLC raised its holdings in United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after acquiring an additional 4,390,721 shares during the last quarter. Capital World Investors lifted its position in United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in United Airlines by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock valued at $840,533,000 after purchasing an additional 243,535 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UAL shares. TD Cowen upped their price target on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday. Raymond James downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Bank of America decreased their price objective on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. 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 note on Tuesday, April 8th. Finally, UBS Group upped their price objective on United Airlines from $59.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, United Airlines has an average rating of "Moderate Buy" and a consensus price target of $97.14.

United Airlines Stock Performance

UAL opened at $66.97 on Wednesday. The firm has a market cap of $21.95 billion, a P/E ratio of 7.10, 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 company has a 50 day simple moving average of $77.68 and a two-hundred day simple moving average of $87.66. 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 posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. Equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal 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.

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