HighTower Advisors LLC Sells 24,644 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

HighTower Advisors LLC trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 61.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,225 shares of the transportation company's stock after selling 24,644 shares during the period. HighTower Advisors LLC's holdings in United Airlines were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division boosted its stake in shares of United Airlines by 2.1% during the 4th 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 during the last quarter. Diversify Advisory Services LLC grew its holdings in United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock worth $508,000 after acquiring an additional 101 shares in the last quarter. Metis Global Partners LLC increased its position in shares of United Airlines by 2.0% in the 4th 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 during the last quarter. Hemington Wealth Management raised its stake in shares of United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its stake in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after purchasing an additional 135 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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United Airlines Stock Performance

UAL traded down $1.32 during midday trading on Tuesday, reaching $78.90. The company's stock had a trading volume of 7,806,150 shares, compared to its average volume of 7,681,876. The company has a fifty day simple moving average of $96.04 and a 200 day simple moving average of $85.95. The stock has a market cap of $25.83 billion, a P/E ratio of 8.37, a PEG ratio of 0.67 and a beta of 1.41. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the previous year, the business posted $2.00 earnings per share. United Airlines's quarterly revenue was up 7.8% on a year-over-year basis. Research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

UAL has been the topic of a number of research analyst reports. Raymond James reaffirmed an "outperform" rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Melius Research upgraded United Airlines to a "strong-buy" rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. boosted their target price 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. Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. Finally, Dbs Bank upgraded shares of United Airlines from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. Two 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. According to MarketBeat.com, United Airlines presently has an average rating of "Buy" and a consensus price target of $112.75.

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.