Resources Investment Advisors LLC. reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 11.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,357 shares of the transportation company’s stock after selling 681 shares during the period. Resources Investment Advisors LLC.’s holdings in United Airlines were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently made changes to their positions in the company. Morgan Stanley increased its holdings in United Airlines by 88.4% in the 3rd quarter. Morgan Stanley now owns 2,513,455 shares of the transportation company’s stock worth $87,341,000 after acquiring an additional 1,179,666 shares in the last quarter. State Street Corp increased its stake in shares of United Airlines by 12.5% in the third quarter. State Street Corp now owns 8,811,804 shares of the transportation company’s stock worth $306,210,000 after purchasing an additional 980,766 shares in the last quarter. Aristeia Capital LLC bought a new stake in shares of United Airlines during the 3rd quarter valued at $28,380,000. Neuberger Berman Group LLC lifted its stake in shares of United Airlines by 2,461.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 725,782 shares of the transportation company’s stock valued at $25,210,000 after buying an additional 697,448 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in United Airlines by 57.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,497 shares of the transportation company’s stock worth $65,556,000 after buying an additional 691,626 shares during the period. Institutional investors own 60.86% of the company’s stock.
NASDAQ:UAL opened at $49.70 on Tuesday. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.04 and a quick ratio of 0.98. United Airlines Holdings, Inc. has a 1-year low of $17.80 and a 1-year high of $76.18. The company has a 50-day moving average of $43.30 and a 200 day moving average of $39.88. The firm has a market cap of $14.55 billion, a PE ratio of -3.02 and a beta of 1.63.
United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 19th. The transportation company reported ($7.00) earnings per share for the quarter, missing the consensus estimate of ($6.56) by ($0.44). The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.47 billion. United Airlines had a negative return on equity of 54.29% and a negative net margin of 19.85%. United Airlines’s revenue for the quarter was down 68.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.67 EPS. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post -26.76 EPS for the current fiscal year.
In other news, Director Michele J. Hooper purchased 1,900 shares of the stock in a transaction dated Tuesday, December 8th. The shares were acquired at an average cost of $49.00 per share, for a total transaction of $93,100.00. Following the acquisition, the director now owns 3,042 shares of the company’s stock, valued at $149,058. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kate Gebo sold 5,870 shares of United Airlines stock in a transaction that occurred on Wednesday, November 25th. The stock was sold at an average price of $45.46, for a total transaction of $266,850.20. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
A number of equities analysts have recently weighed in on UAL shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on United Airlines from $52.00 to $55.00 in a research note on Tuesday, December 15th. Smith Barney Citigroup lifted their price objective on shares of United Airlines from $52.00 to $55.00 in a research report on Tuesday, December 15th. Deutsche Bank Aktiengesellschaft raised shares of United Airlines from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday. Exane BNP Paribas began coverage on shares of United Airlines in a research note on Friday, November 13th. They set an “underperform” rating and a $32.00 target price for the company. Finally, Cowen upgraded shares of United Airlines from a “market perform” rating to an “outperform” rating and set a $53.00 price target on the stock in a research note on Monday, January 11th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. United Airlines has an average rating of “Hold” and an average price target of $49.29.
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. It transports people and cargo through its mainline and regional fleets. As of February 28, 2020, the company operated approximately 791 mainline aircraft.
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