Xponance Inc. Cuts Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Xponance Inc. reduced its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 41,717 shares of the transportation company’s stock after selling 1,646 shares during the quarter. Xponance Inc.’s holdings in United Airlines were worth $1,721,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JB Capital LLC purchased a new position in shares of United Airlines in the 4th quarter worth about $201,000. NWI Management LP raised its stake in United Airlines by 69.6% in the 3rd quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock valued at $8,249,000 after acquiring an additional 80,000 shares during the period. International Assets Investment Management LLC raised its stake in United Airlines by 3,636.1% in the 4th quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock valued at $3,393,000 after acquiring an additional 80,030 shares during the period. Allspring Global Investments Holdings LLC raised its stake in United Airlines by 43.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock valued at $12,197,000 after acquiring an additional 89,106 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in United Airlines by 1,993.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock valued at $36,456,000 after acquiring an additional 820,660 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UAL has been the topic of a number of research reports. Susquehanna boosted their price objective on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, April 18th. Morgan Stanley boosted their price objective on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday. UBS Group assumed coverage on United Airlines in a research report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price target on the stock. Finally, Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, United Airlines presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.53.

United Airlines Stock Up 0.2 %

Shares of NASDAQ UAL opened at $54.03 on Wednesday. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $58.23. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 0.53 and a beta of 1.55. The business has a 50-day moving average of $44.93 and a 200-day moving average of $41.67.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The company had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. During the same quarter in the previous year, the firm earned $2.46 earnings per share. United Airlines’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts expect that United Airlines Holdings, Inc. will post 9.98 earnings per share for the current fiscal year.

Insider Transactions at United Airlines

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the sale, the executive vice president now owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.63% of the stock is owned by insiders.

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.