Private Trust Co. NA Decreases Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Private Trust Co. NA cut its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 56.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 718 shares of the transportation company’s stock after selling 924 shares during the quarter. Private Trust Co. NA’s holdings in United Airlines were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust purchased a new stake in shares of United Airlines in the 4th quarter worth $25,000. Hemington Wealth Management increased 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 worth $30,000 after purchasing an additional 131 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of United Airlines in the 4th quarter worth $32,000. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines in the 4th quarter worth $32,000. Finally, Winch Advisory Services LLC purchased a new stake in shares of United Airlines in the 4th quarter worth $38,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Performance

United Airlines stock opened at $91.27 on Thursday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company’s 50-day moving average is $102.34 and its 200 day moving average is $82.64. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The firm has a market capitalization of $29.88 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $2.00 earnings per share. Research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays upped their price objective on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Citigroup upped their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Airlines has a consensus rating of “Buy” and an average target price of $113.88.

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.