Cerity Partners LLC Increases Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Cerity Partners LLC lifted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 70.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,669 shares of the transportation company’s stock after buying an additional 6,069 shares during the period. Cerity Partners LLC’s holdings in United Airlines were worth $605,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. NBC Securities Inc. bought a new position in United Airlines during the 3rd quarter worth approximately $25,000. Loomis Sayles & Co. L P grew its position in United Airlines by 707.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after acquiring an additional 545 shares during the last quarter. Venturi Wealth Management LLC grew its position in United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after acquiring an additional 274 shares during the last quarter. Clear Street Markets LLC grew its position in United Airlines by 116.8% during the 3rd quarter. Clear Street Markets LLC now owns 930 shares of the transportation company’s stock worth $39,000 after acquiring an additional 501 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in United Airlines by 1,000.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,100 shares of the transportation company’s stock worth $47,000 after acquiring an additional 1,000 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Airlines

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

United Airlines Trading Down 2.5 %

UAL opened at $52.67 on Thursday. The business has a 50 day moving average of $45.13 and a 200-day moving average of $41.75. The stock has a market cap of $17.32 billion, a PE ratio of 6.51, a PEG ratio of 0.53 and a beta of 1.55. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $58.23. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UAL shares. Redburn Atlantic lowered United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research report on Tuesday, February 13th. Susquehanna lifted their price objective on United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, April 18th. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. Raymond James lifted their price objective on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, TD Cowen lifted their price objective on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.53.

About United Airlines

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.