MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 32,128 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,159 shares of the transportation company’s stock after selling 32,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in United Airlines were worth $3,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UAL. Moore Capital Management LP acquired a new stake in United Airlines in the fourth quarter worth $4,440,000. Leigh Baldwin & CO. LLC bought a new position in shares of United Airlines during the 4th quarter worth about $29,130,000. LMR Partners LLP grew its stake in shares of United Airlines by 56.1% in the 4th quarter. LMR Partners LLP now owns 20,497 shares of the transportation company’s stock valued at $1,990,000 after buying an additional 7,370 shares during the period. Janus Henderson Group PLC increased its position in United Airlines by 18.6% in the 4th quarter. Janus Henderson Group PLC now owns 18,226 shares of the transportation company’s stock valued at $1,770,000 after buying an additional 2,853 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in shares of United Airlines by 73.9% in the 4th quarter. Gotham Asset Management LLC now owns 14,115 shares of the transportation company’s stock worth $1,371,000 after purchasing an additional 5,996 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group raised shares of United Airlines from a “neutral” rating to a “buy” rating and raised their price target for the company from $67.00 to $105.00 in a report on Monday. TD Cowen upped their price target on shares of United Airlines from $73.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, April 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Susquehanna dropped their price target on United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. One research analyst has 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 MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $102.33.

United Airlines Trading Down 2.9%

Shares of UAL stock opened at $76.33 on Wednesday. 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 cap of $24.93 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. The company has a 50-day moving average of $70.81 and a two-hundred day moving average of $88.18. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to analysts’ expectations of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

United Airlines Company 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.