Cwm LLC reduced its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 13.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,580 shares of the transportation company after selling 1,142 shares during the period. Cwm LLC’s holdings in United Airlines were worth $369,000 at the end of the last quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital International Investors increased its holdings in shares of United Airlines by 2.4% in the 1st quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after purchasing an additional 429,501 shares during the same period. Dimensional Fund Advisors LP increased its holdings in shares of United Airlines by 24.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock valued at $170,974,000 after purchasing an additional 812,257 shares during the last quarter. Par Capital Management Inc. increased its holdings in shares of United Airlines by 7.2% in the 4th quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock valued at $91,737,000 after buying an additional 150,000 shares in the last quarter. Interval Partners LP acquired a new position in United Airlines in the 1st quarter valued at about $103,354,000. Finally, Charles Schwab Investment Management Inc. increased its stake in United Airlines by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,725,062 shares of the transportation company’s stock valued at $71,176,000 after buying an additional 26,488 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.
Wall Street analysts predict growth
UAL has been the subject of several analyst reports lately. Citigroup raised their price target on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen increased their price target on shares of United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating in a report on Friday, May 17th and set a $76.00 price target on the stock. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and increased their price target on the stock from $54.00 to $65.00 in a research note on Wednesday, May 29th. Finally, Bank of America raised their price target on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, April 18. Two equities analysts have rated the stock with a “hold” rating and thirteen have given a “buy” rating. Based on data from MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and a consensus price target of $71.68.
Check out our latest research report on UAL
Price development at United Airlines
Shares of NASDAQ UAL opened at $40.92 on Wednesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 5.06, a PEG ratio of 0.67 and a beta of 1.44. The company’s 50-day moving average is $47.00 and its 200-day moving average is $47.04. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $56.17.
United Airlines (NASDAQ:UAL – Get Free Report) last released its quarterly earnings results on Wednesday, July 17. The transportation company reported earnings per share of $4.14 for the quarter, beating the consensus estimate of $3.97 by $0.17. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company’s revenue grew 5.7% year-over-year. During the same quarter last year, the company generated earnings per share of $5.03. Analysts expect United Airlines Holdings, Inc. to report earnings per share of $9.63 for the current 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 passengers and cargo with its mainline and regional fleets. It also provides catering, ground handling, flight academy and maintenance services to third parties.
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