Aigen Investment Management LP Sells 7,700 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Aigen Investment Management LP trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 40.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,212 shares of the transportation company's stock after selling 7,700 shares during the period. Aigen Investment Management LP's holdings in United Airlines were worth $1,089,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UAL. Bank of Jackson Hole Trust bought a new position in United Airlines during the fourth quarter valued at about $25,000. Hemington Wealth Management grew its position in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after acquiring an additional 131 shares during the period. Roxbury Financial LLC bought a new position in shares of United Airlines during the 4th quarter valued at approximately $32,000. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines during the 4th quarter worth approximately $32,000. Finally, Winch Advisory Services LLC bought a new stake in shares of United Airlines in the 4th quarter worth approximately $38,000. Institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

United Airlines stock traded down $3.39 during midday trading on Friday, hitting $82.88. 14,848,746 shares of the company's stock were exchanged, compared to its average volume of 7,559,766. The stock has a 50-day moving average price of $101.72 and a two-hundred day moving average price of $82.95. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a market cap of $27.13 billion, a P/E ratio of 8.79, a PEG ratio of 0.67 and a beta of 1.41. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

Remove Ads

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines's revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.00 earnings per share. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

UAL has been the subject of several research reports. Melius Research raised United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. Susquehanna reiterated a "hold" rating on shares of United Airlines in a research note on Tuesday, February 25th. The Goldman Sachs Group restated a "buy" rating and issued a $119.00 price objective on shares of United Airlines in a research note on Friday, November 15th. JPMorgan Chase & Co. lifted their target price 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. Finally, Barclays upped their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of "Buy" and an average price target of $113.88.

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.